Demand for Grade-A Warehousing surges to 163 msf; supply lags behind by 1.4 times
According to a joint report by CREDAI and CRE Matrix, the warehousing sector has garnered much interest among industry stakeholders due to its rapid evolution. The segment has witnessed immense sectoral demand, outgrowing supply by 1.4 times. Owing to rapid industrial growth and the emergence of one of the fastest growing real estate segments in the country, the Indian Grade-A Warehousing stock crossed 163 million square feet in the first half of 2023. The H1 Grade A warehousing demand reached 13 million square feet (msf), while the supply stood at 9.4 msf, reflecting robust industry fundamentals and growth in specialized sectors. The report also indicates that across the country, the vacancy level stood at a mere 8.8% at the end of H1 2023, from the previous year’s 10.5% at the same corresponding time, highlighting the sector’s strong performance.
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LIFTING & SPECIALIZED TRANSPORT, SEPTEMBER u2013 OCTOBER 2023
