‘Grade ‘A’ warehouses will continue to gain momentum in FY 2023′

The rising trend of Grade A development continued to gain momentum in FY 2023 with developers increasingly focusing on higher grade park development compliant to contemporary norms and the higher throughput requirements of businesses today, said Knight Frank’s latest India Warehousing and Market Report 2023. In addition to the emerging focus on sustainable development, there is an increasing need for improving the aesthetics of these warehousing parks and enabling a better working environment. 59% of the supply coming online in FY 2023 across the eight primary markets was in Grade A properties compared to 55% in FY 2022. Six out of the eight markets have seen the share of grade A stock increase in FY 2023 compared to the previous year.