Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report
13 hours, 22 minutes ago

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report

Hindustan Times  

Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand, according to a report by Cushman & Wakefield on December 24. Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand The leasing of L&I spaces stood at 53.57 million square feet across Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. "India's logistics and industrial sector continues to showcase remarkable growth potential, with leasing volumes set to surpass 50 million square feet for the third year in a row. Bhutani anticipates the demand for logistics and industrial spaces to remain robust in 2025, supported by India’s expanding retail consumption base and continued manufacturing growth.

India Bengaluru Chennai Logistics Industrial Pune Report Demand Million Recent Years Leasing  report  logistics  demand  touch  million  spaces  leasing  5053  retail  ft  feet  sq  industrial

History of this topic

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year
1 week, 1 day ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times  

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
1 week, 2 days ago

India job outlook 2025: How IT, energy, infra, logistics will drive hiring

India Today  

Employers in India are more optimistic about increased hiring next year compared to their global counterparts. According to the latest ManpowerGroup Employment Outlook report, which surveyed 3,000 employers, 53 per cent plan to hire while 13 per cent anticipate a reduction in staffing levels during Q1 2025. Sonal Arora, country manager of GI Group Holding, stated: “Overall, 2024 was a …

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand
2 months, 4 weeks ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times  

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024
3 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times  

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru
3 months, 1 week ago

Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru

Hindustan Times  

Real estate developer Sumadhura Group has leased a 1.8 lakh-square feet warehousing space for nine years to global logistics company NX Logistics India at Sumadhura Logistics Park in Bengaluru, the company said in a statement on September 12. Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru The facility is a part of the first phase …

Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY
4 months, 1 week ago

Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY

Hindustan Times  

Bengaluru recorded a almost 70% year-on-year surge in industrial and logistics leasing during the January-June period of the ongoing calendar year at 3.4 million square feet. Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY Meanwhile fresh supply during the six-month period was recorded at 3.2 million square feet, per the report. …

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report
4 months, 2 weeks ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times  

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft
5 months, 2 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times  

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

IndoSpace leases 1.25 lakh sq ft warehousing space to C J Darcl Logistics in Bengaluru for nine years
5 months, 4 weeks ago

IndoSpace leases 1.25 lakh sq ft warehousing space to C J Darcl Logistics in Bengaluru for nine years

Hindustan Times  

C J Darcl Logistics Ltd has taken on lease over 1.25 lakh square feet of warehousing space in Bengaluru’s Narasapura Industrial and Logistics Park for a period of nine years, IndoSpace said in a company statement on June 26. IndoSpace has leased 1.25 lakh sq ft warehousing space to C J Darcl Logistics in Bengaluru for nine years “We're thrilled …

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24
6 months, 3 weeks ago

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24

Hindustan Times  

Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23 touching 22.5 mn sq ft in FY 2023-24 …

Industrial and warehousing supply in Q1 2024 touches 7 mn sq ft, highest in last two years
8 months, 1 week ago

Industrial and warehousing supply in Q1 2024 touches 7 mn sq ft, highest in last two years

Hindustan Times  

Industrial and warehousing supply inched towards 7 million sq ft during Q1 2024, the highest in the last two years. Industrial and warehousing supply inches towards 7 million sq ft during Q1 2024, Leasing in Chennai remained robust, with industrial and warehousing space take-up in Q1 2024 almost twice the leasing activity in corresponding period of last year. “While 3PL …

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands
8 months, 2 weeks ago

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands

Hindustan Times  

Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in 2024 fueled by leasing activity across malls and high streets with Hyderabad, Bengaluru and Delhi likely to account for maximum share, a report by CBRE titled ‘2024 India Market Outlook’ has said. Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in …

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities
8 months, 3 weeks ago

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

Hindustan Times  

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. A significant contribution to Bengaluru’s healthy leasing volume was 4.8 mn sq ft of fresh leasing activity, and the city accounted for 33% of total …

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL
9 months, 1 week ago

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL

Hindustan Times  

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. In its …

Mapping India’s office spaces
9 months, 2 weeks ago

Mapping India’s office spaces

The Hindu  

While most investors look at factors like vacancy in the market, the historical rent growth and rentals of comparable assets, I have seen that even the most seasoned of investors miss out on taking a look at the upcoming supply in the market — which is the only verifiable forward-looking metric in real estate analysis. Business-as-usual in Bengaluru As India’s …

Entertainment segment leasing witnesses 179% Y-o-Y growth in 2023; Bullish momentum likely to continue in 2024
10 months ago

Entertainment segment leasing witnesses 179% Y-o-Y growth in 2023; Bullish momentum likely to continue in 2024

Hindustan Times  

The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment leasing across seven Indian cities in 2023 and the momentum is expected to continue in 2024 as well. The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment …

Logistics and industrial leasing crosses 50 mn sq ft mark in the last two years
10 months ago

Logistics and industrial leasing crosses 50 mn sq ft mark in the last two years

Hindustan Times  

Logistics and industrial leasing in India has crossed the 50 m sq ft mark in the last two years on the back of strong economic and industry fundamentals, rapidly growing sectors like manufacturing and third party logistics, and supportive government policies like the Production Linked Incentive scheme, a report by Cushman & Wakefield has said. Logistics and industrial leasing in …

New supply of retail space expected to increase by 45% by 2028: Report
10 months, 2 weeks ago

New supply of retail space expected to increase by 45% by 2028: Report

Hindustan Times  

New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint, a new report by JLL said on February 7. New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq …

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report
11 months ago

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report

Hindustan Times  

Mumbai: The Mumbai Metropolitan Region touched an all-time high of 9.9 million square feet in Industrial & Logistics leasing in 2023, with the July-December half of this year contributing 5.3 million square feet, said the findings of ‘CBRE Industrial & Logistics Figures H2 2023’, a report by leading real estate consulting firm CBRE South Asia Pvt Ltd. HT Image Third-party …

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report
11 months, 2 weeks ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times  

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

Industrial, logistics sector leasing seen at 32-35 mn sq ft in 2023: Report
1 year, 8 months ago

Industrial, logistics sector leasing seen at 32-35 mn sq ft in 2023: Report

Live Mint  

New Delhi: The growth rate for industrial and logistics portfolio leasing is likely to slow down to 32-35 million square feet in 2023 due to global headwinds, according to a report by CBRE. The global real estate consultant’s ‘2023 India Market Outlook’ report said that the I&L supply forecast is expected to exceed 2022 levels and touch 24-26 mn sq …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

2022: the year that was
2 years ago

2022: the year that was

The Hindu  

After the initial COVID-19 pandemic wave and the ensuing enforced lockdowns, India’s residential market has been expanding at a breakneck rate. “The Indian real estate sector witnessed one of its most extensive turnaround years this year, something that hasn’t happened in the past 10 years.”Abhishek KapoorCEO, Puravankara Ltd., Bengaluru The phenomena in the year 2022 were undeniably conducive to the …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 2 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

‘Bengaluru leads office leasing market with a 30% share in Q2’
2 years, 5 months ago

‘Bengaluru leads office leasing market with a 30% share in Q2’

The Hindu  

Bengaluru led the office leasing market in the country in the second quarter of calendar year 2022 by solely forking out a 30% market share followed by Mumbai and Delhi-NCR claiming 19% and 18% slice respectively, said Colliers, a global realty advisory and management firm, on Monday. All the major markets, with Bengaluru dominating, witnessed strong leasing activity during the …

E-commerce boom sees demand for warehouse spaces rise in Bengaluru
3 years, 4 months ago

E-commerce boom sees demand for warehouse spaces rise in Bengaluru

The Hindu  

The pandemic brought about many sweeping changes in people’s lifestyles, including a heavy dependence on e-commerce platforms, more so during the lockdown. Also warehousing has become a promising investment opportunity for institutional investors.” She said expecting high spurt, developers were acquiring land on the outskirts of Bengaluru to develop warehouse spaces. ‘Has remained resilient’ Farook Mahmood, founder and chairman emeritus, …

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push
3 years, 10 months ago

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push

Firstpost  

Union minister Ravi Shankar Prasad said the Centre is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business New Delhi: The Cabinet has approved production-linked incentive scheme worth Rs 12,195 crore for telecom equipment manufacturing, Union minister Ravi Shankar Prasad said on Wednesday. Briefing reporters after a meeting of the …

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