Industrial and warehousing leasing activity across the top five cities in India remained buoyant in the first quarter of 2024, with Mumbai and Chennai leading the demand, according to a recent report by Colliers. The report highlighted key insights into the industrial and warehousing sector, emphasizing the robust performance in major cities such as Delhi NCR, Pune, and Bengaluru. Notably, Chennai saw a significant increase in leasing activity compared to the same period last year, showcasing the evolving landscape of the industry. Third-party logistics players continue to drive demand, especially in Chennai, while e-commerce leasing has surged post-Covid-19. With changing consumption patterns and the rise of quick-commerce players, the industrial and warehousing sector is poised for a promising year ahead.
Industrial Leasing Surges in Mumbai and Chennai, Driven by E-commerce Growth – Latest Business News from Colliers, India
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