Report: E-commerce growth drives warehouse demand in India over supply for the first time

Source: The Loadstar

Warehousing demand in India has overtaken supply for the first time in four years, with e-commerce and global consumer goods companies driving much of the growth. 

According to a new report by property developer Jones Lang LaSalle (JLL), last year India’s total stock of Grade A and B warehousing space increased 22% year on year to 169 million sq ft. 

“Last year saw India’s warehousing sector come of age, outshining some of the conventional real estate asset classes and attracting global investors,” the report notes.  

“Interestingly, absorption clocked an unprecedented growth of 63% year on year to 31.8m sq ft. The robust growth in absorption reflects demand outstripping supply and vacancies dropping below 10% for the first time ever.” 

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