Record H1 for industrial & logistics leasing; Chennai sets an industrial record
Summary
Cushman & Wakefield recorded 36.2M sq ft of industrial and logistics leasing in H1 2026, up 18% and the highest first half on record.
Key points
- By city: NCR 8.7M (+69%), Chennai 6.1M (+39%), Pune 5.9M (+32%), Mumbai 4.7M (−33%), Bengaluru 4.4M (+33%), Ahmedabad 2.2M (+31%), Hyderabad 2.1M (−21%) sq ft.
- Chennai's industrial leasing hit a record 3.8M sq ft, about 63% of the city's total.
- Pune's industrial leasing rose 33% to 4.2M sq ft.
- Automotive leasing nearly doubled to 4.8M sq ft, 63% of it industrial, driven by EV supply-chain investment.
- 3PL (34%) and engineering & manufacturing (28%) together took over 60%.
What it means for Korean companiesFactory demand is climbing fastest in Chennai and Pune, where many Korean auto suppliers operate, so good sheds go quickly.