Delhi NCR and Chennai take over 45% of Grade-A warehousing leasing
Summary
Colliers says Grade-A industrial and warehousing leasing across eight cities reached about 22M sq ft in H1, up 12%.
Key points
- Delhi NCR and Chennai took more than 45%; Mumbai, Pune and Bengaluru each topped 2M sq ft.
- Pune, Ahmedabad and Kolkata grew by 30% or more.
- Deals over 200,000 sq ft were about 40% of leasing: e-commerce 30%+, auto and 3PL 20%+ each.
- Q2 dipped 1% on the quarter due to supply-chain disruption from the West Asia conflict.
- Rising metro costs are pushing occupiers to Tier-II hubs such as Chakan, Coimbatore and Hosur.
What it means for Korean companiesIf core metro locations are too expensive, compare alternatives like Chakan near Pune or Hosur between Chennai and Bengaluru.