In 2022, 24.5 million sq ft of industrial and warehousing was absorbed, up 8 per cent on a yearly basis across the top five metros, said global investment and advisory firm Colliers, , india, Industrial, warehousing demand
The year 2022 has been comparatively good for the Indian industrial and warehousing sector as it saw demand improving after a Covid-led slump in economic activities.
Improved retail market sentiment amidst festive season and higher online spending continue to support warehousing growth and is expected to add to short-term demand addition.
Get latest articles and stories on Business at LatestLY. Demand for industrial and warehousing-related real estate witnessed a 9 per cent rise on a year-on-year basis with a total gross absorption of 17.5 million square feet across top cities in India, said Nasdaq-listed diversified professional services and investment management company, Colliers. Business News | Strong Demand Drives Industrial and Warehousing Real Estate in 2022: Report.
Get latest articles and stories on Latest News at LatestLY. Leasing of industrial and warehousing spaces across five cities rose 7 per cent to 10.8 million square feet in January-June period on better demand, according to Colliers India. Latest News | Leasing of Industrial & Warehousing Space Up 7pc in Jan-Jun Across 5 Cities.