NCR adds 2.3 mn sq ft in Grade A Warehousing space: Colliers

The National Capital Region in the first quarter of calendar year 2024 added 2.3 million square feet of fresh Grade A industrial and warehousing space to take the overall supply to nearly 7 million square feet across the top-5 markets, according to a Colliers latest report. Demand was led by third party logistics players, which accounted for over 40 per cent of the total warehousing space taken up during the quarter.