Vapi region combining Vapi, Daman and Silvassa too witnessed a surge of 296% to 6 lakh square feet of warehousing space being leased out
SURAT: Although the economy tanked due to the pandemic, industrial real-estate in the south Gujarat region has many reasons to rejoice. Last year’s lockdown and the fear of getting infected among people indirectly gave warehouse space leasing in Surat and other clusters in south Gujarat a huge fillip.
At least 75% of the warehousing leasing from Kosamba to Palsana belt in Surat district was done by e-commerce companies and third-party logistics firms. However, all metro and big cities witnessed an average drop in warehousing leasing of over 29% in fiscal 2020-21.
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