Industrial, warehousing space leasing hits record 59.1 mn sq ft in top 24 cities in Jan-Sep: Savills

From January to September, leasing of industrial and warehousing spaces surged across major cities in India, propelled by demand from sectors like light manufacturing, e-commerce, and third-party logistics. Tier-I cities alone accounted for 47.2 million sq ft of leasing. Additionally, fresh supply increased to 68.9 million sq ft, signaling promising market trends as consumption patterns shift and supply chains are being optimized.