ICRA forecasts 13-14% annual growth in India's industrial and warehouse logistics to 424 million sq ft by FY25, driven by e-commerce, manufacturing, and logistics sectors.
ICRA predicts a 13-14% yearly growth in India's industrial and warehouse logistics, reaching 424 million sq ft by FY25. Driven by e-commerce, manufacturing, and logistics sectors, Grade A warehouses are expected to increase market share, with absorption rising to 47 million sq ft in FY25. Vacancy rates remain around 10%, while 3PL and manufacturing sectors account for 65% of total leased area.
July 09, 2024
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