Cargo Breaking News
The industrial & logistics sector in India registered a growth of 47 per cent YoY growth during the October to December period (Q4 2024), as per the CBRE report. The growth was primarily pushed by strong demand from 3PL and FMCG segments. The leasing in the sector touched 39.5 million sq.ft mark in CY2024 across the top eight cities, the report added. The growth was majorly supported by Delhi-NCR, Bengaluru, and Kolkata, with an aggregate contribution of 60 per cent in the total leasing activity during the year. The report further stated that the majority of the space leased was led by small-sized transactions (below 50,000 sq.ft), a total of 43 per cent of the total leasing volume. The medium-sized transactions (50,000-1,00,000 sq.ft) and large-sized transactions (more than 1,00,000 sq.ft) each contributed 28 per cent to the total absorption.
