Industrial and Warehousing Demand in 2022 up by 8%: Colliers

The year 2022 saw 24.5 million sqft of industrial and warehousing demand, up by 8% on a YoY basis, across the top 5 cities of India. Average quarterly leasing during 2022 remained strong at 6.1 mn sqft from 5.7 mn sqft in 2021. Third-party logistics players (3PLs) remained the top occupier of warehousing space, contributing to about 44% of the total demand in the sector during 2022.

As consumer demand remains upbeat, 3PL players, e-commerce and retail companies are leasing industrial and warehousing spaces to cater to this growing demand. At the same time, there has been a spurt in demand for spaces from engineering companies. Improved market sentiments are expected to keep the momentum in the sector high.

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