New Delhi, July 29
Overall industrial and logistic leasing in India has marked a new peak during the January-June period (H1 2025), surging 63 per cent year-on-year (YoY) to 27.1 million square feet across the top eight cities, a report said on Tuesday.
The third-party logistics (3PL) sector continued to lead in I&L space take-up with a market share of 32 per cent in H1 2025, CBRE, a real estate consulting firm, said in its recent report.
However, the surge was majorly led by the e-commerce sector, which saw its market share more than double from 9 per cent in H1 2024 to 25 per cent in H1 2025, the report stated.
I&L leasing by the engineering and manufacturing (E&M) sector also increased from 18 per cent in H1 2024 to 19 per cent in H1 2025.
The government-led infrastructure projects and policy initiatives, such as the Production Linked Incentive (PLI) scheme and 'Make in India 2.0', have significantly strengthened the country's manufacturing sector, resulting in a heightened demand for warehousing space from E&M companies, the report stated.
Among the three regions, Asia Pacific-based companies recorded their highest space take-up at 2.7 million square feet during Q2 2025 (up from 0.6 million square feet in Q2 2024), followed by American and EMEA-based firms at 1.9 million square feet and 1.7 million square feet, respectively.