Cargo Breaking News
According to a report by real estate consulting firm CBRE titled, ‘India Industrial and Logistics Figures H1 2024’ highlights that, Industrial and logistics leasing activity stood at 16.6 million sq. ft. in H1 2024, a decrease of about 14% on a year-over-year (YoY) basis. Bengaluru, Delhi-NCR, and Kolkata dominated the half-yearly leasing activity; together, these cities accounted for almost 60% of the overall space take-up. Third-party logistics players continued to drive the Industrial and logistics space absorption with a share of about 40%, followed by engineering and manufacturing firms (18%), FMCG companies (10%) and e-commerce players (9%). Supply addition decreased by about 12% YoY to reach 15.5 million sq. ft. during H1 2024.
