Top 10 APAC cities with highest warehouse rent rise

29 Sep 2023 CW Team

Bengaluru and Delhi-NCR have secured positions among the top 10 cities in the Asia-Pacific (APAC) region that witnessed a significant increase in warehouse rental rates over the past 12 months, according to a report by real estate consultancy Knight Frank published on Tuesday. However, the rental hike in these cities was comparatively lower than the APAC average of 10.4 percent, which was observed across 17 cities analyzed for the report.

As per the "Asia-Pacific Logistics Highlight H1 2023" report, warehouse rents in Bengaluru registered a 7.5 percent increase in the past year, while in Delhi-NCR, the rise was 6.6 percent. Mumbai, which narrowly missed the top 10 list, recorded a 4.2 percent uptick in warehouse rents.

Among APAC cities, Bengaluru and Delhi-NCR secured the 6th and 8th positions, respectively, in terms of rental rate growth. Knight Frank highlighted that demand in India's primary warehousing markets remains robust, nearing record levels. Both Mumbai and Bengaluru experienced substantial growth in leasing transactions, driven by rapidly diminishing vacancy rates over the last six months.

The report noted, "Activity in Delhi-NCR slowed marginally, albeit from the high base set in the previous period." While the e-commerce sector witnessed a dip in demand, this decline was offset by the third-party logistics (3PL) sector. Anticipating a revival during the festive season, the e-commerce sector is expected to regain momentum in the coming days.

The findings underscore the evolving dynamics of India's warehousing sector, driven by a mix of factors including e-commerce growth, third-party logistics, and seasonal fluctuations.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..