March 12, 2025 2:53 PM

India’s warehousing demand sees 12% growth, Mumbai leads: report

India's warehousing transaction volumes in its eight primary markets reached 56.4 million square feet (mn sq ft) in 2024, marking a 12% year-on-year increase from 50.3 mn sq ft in 2023, according to a Knight Frank India report released Wednesday. The report notes that these markets have 233 mn sq ft of unutilized land, enough to meet future demand. While rents have risen, vacancy rates stood at 11.5%, keeping rental growth in check. Grade A space accounted for 62% of transactions, with the manu...