New Delhi, July 17 || With about 20 million square feet of leasing activity in January-June period (H1 2025) at 33 per cent growth, industrial and warehousing demand across the top eight cities remained robust, according to a report on Thursday.
Delhi-NCR and Chennai led the demand, cumulatively accounting for about half of the overall leasing in H1 2025.
Interestingly, among the top eight cities, Delhi-NCR, Chennai, Mumbai and Bengaluru saw impressive demand of at least 2 million square feet during the first half of the year, according to the Colliers report.
Third Party Logistics (3PL) players continued to be the primary drivers of space uptake in Grade A warehouses and industrial sheds, contributing to about 32 per cent share in overall demand during the first half of the year.
In fact, demand from most occupier segments including 3PL, engineering, e-commerce, automobile, and retail firms rose significantly during H1 2025. Meanwhile, at the micro market level, warehousing space uptake was the highest in Bhiwandi (Mumbai) at 3.1 mn sq ft followed by Oragadam (Chennai) at 1.5 mn sq ft.
“During the second quarter of 2025, industrial and warehousing sector saw about 11 mn sq ft of demand across the top eight cities, a 52 per cent rise YoY. Notably, Q2 recorded the highest quarterly gross absorption in the last few years,” said Vijay Ganesh, Managing Director, Industrial and Logistics Services, Colliers India.