Leasing in logistics and industrial sectors fell by 9% YoY

05 Aug 2022 CW Team

According to a research by CBRE, leasing in India's industrial and logistical sectors totalled 12.8 million sq ft, a decrease of around 9% YoY during the first half of 2022.

Due to a slowdown in supply addition, the space take-up decreased by 17 per cent on a half-yearly basis from the 15 million sq ft recorded in H2 2021.

The report did note that leasing activity will increase as more land would be acquired and more construction would be completed in the second half of 2022.

Leasing activity was driven by Delhi-NCR, Mumbai, and Bengaluru, which accounted for more than half of the total space taken up. With a share of 46% in total transaction activity during H1 2022—an increase of 10 per cent YoY—3PL players continued to dominate the leasing industry.

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