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India Warehousing Leases Surge 22% Amid Strong Demand
19 Apr
Summary
- Industrial and warehousing leases in India grew 22% to 11 million sq ft.
- Southern cities saw a 58% surge in demand for industrial spaces.
- Third-party logistics, e-commerce, and manufacturing firms are key drivers.
India's industrial and warehousing leasing saw a substantial 22% increase in the first quarter of 2026, reaching 11 million square feet. This expansion surpasses the 9 million square feet recorded in the same period last year. The southern region, encompassing Bengaluru, Chennai, and Hyderabad, was a key driver of this growth, with leasing activities rising by 58% to 4.9 million square feet.
Bengaluru's industrial and warehousing space leasing more than doubled, reaching 1.7 million square feet. Chennai experienced a 15% growth to 2.3 million square feet, while Hyderabad saw a threefold jump to 0.9 million square feet. Demand is predominantly from third-party logistics providers, e-commerce companies, and light manufacturing businesses.
