The industrial and logistics sector witnessed an absorption of 13.5 mn sq. The overall absorption during Q1 2024 is led by sustained demand from the 3PL and manufacturing sectors as well as a surge in demand from the FMCG sector. The tier II and tier III cities together accounted for 24% of the total supply, the report showed Delhi-NCR leads …
Office space absorption in India’s six major cities rose 16 per cent QoQ to 14 million sqft in the first quarter of 2023. However, the YoY gross absorption comparison indicates an 11 per cent decline owing to global economic pressures, according to the latest report by international real estate advisory firm Savills India. Additionally, the office space witnessed a 23 …
