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flag India's industrial space demand surged 29% in 2025, led by manufacturing and e-commerce, with Pune topping growth.

flag India's industrial and warehousing market grew 29% year-on-year in 2025, reaching 72.5 million square feet in transaction volume, the highest since the pandemic, driven by manufacturing, e-commerce, and logistics demand. flag Manufacturing occupiers (excluding FMCG/FMCD) led with 47% of demand, leasing 34 million sq ft, a 55% increase. flag E-commerce took up 7.8 million sq ft, up 56%, the highest since 2021. flag Pune was the top market with 16 million sq ft and 86% growth, followed by Chennai, Mumbai, and the National Capital Region. flag Grade A facilities accounted for 63% of leased space. flag Vacancy rates held steady at 11.6%.

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