JLL's H1 2024 report shows robust growth in India's logistics and industrial sectors, driven by Grade A and B property rent increases in major cities.
JLL's report reveals robust growth in India's logistics and industrial sectors in H1 2024, with significant year-on-year rent increases for Grade A and Grade B properties in major cities. Warehousing and light manufacturing leases drive the growth, and Grade A properties have a higher gross absorption, reaching 70% of total absorption. The sectors' growth drivers include the National Logistics Policy, e-commerce expansion, quick commerce rise, and increased outsourcing to 3PL providers. Grade A warehousing gains traction due to lower rents and higher efficiency per pallet position compared to Grade B properties, and sustainability practices are increasingly emphasized in construction and operations.
August 08, 2024
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