US-based Jabil has taken on a zero point four one million (mn) square feet (sq ft) warehousing space near Pune at a monthly rent of Rs nine point four eight mn. The firm, which operates in electronics manufacturing services, has secured the facility for its regional logistics and distribution needs. The area and rent were disclosed in a press release.

The leased property is positioned close to established industrial and logistics corridors that serve Pune and adjoining districts. The space totals zero point four one mn sq ft and is expected to support storage, fulfilment and movement of components and finished goods for regional operations. The company will use the premises to consolidate inventory and improve supply chain responsiveness.

Demand for large-format warehousing around Pune has been driven by manufacturing, automotive supply chains and e-commerce fulfilment requirements, sustaining developer interest in last-mile and regional logistics assets. Market participants note that availability of ample land and connectivity to highways and ports underpin growth in this segment. Leasing by multinational contract manufacturers indicates a preference for scalable facilities near production hubs.

At the stated monthly rent of Rs nine point four eight mn for zero point four one mn sq ft, the effective rental works out to about Rs23.12 per sq ft per month, reflecting current market dynamics for high-quality logistics space in the region. Landlords and occupiers are increasingly structuring deals with flexibility on tenure and fit-out contributions to balance investment and operational needs. Analysts expect such arrangements to remain a feature as demand for integrated manufacturing and distribution ecosystems grows.

The transaction adds to a stream of institutional and corporate leases that are reshaping Pune's logistics landscape and underlines investor confidence in the region's long-term demand fundamentals. For Jabil, the new facility will support its supply chain efficiency and proximity to clients in western India. The move may prompt further demand for purpose-built logistics capacities near major manufacturing clusters.