Business · Economy · 1 day ago
Industrial and warehouse leasing in India reaches record 59.1 million sq ft
Companies leased a record 59.1 million square feet of industrial and warehouse space across 24 Indian cities from January to September.
That was 7% more than in the same period a year earlier.
Demand came from light manufacturing, third-party logistics and e-commerce companies.
The eight largest cities accounted for 47.2 million square feet, while smaller tier-II and tier-III cities accounted for 11.9 million.
New space supplied during the period also increased, rising 25% to 68.9 million square feet.
The figures point to growing demand beyond the biggest urban centres as companies expand or reorganize their supply chains.
Savills expects growth to continue in 2026, supported by manufacturing and demand from logistics, retail and consumer-goods businesses.
Leasing of industrial and warehousing space across India’s top 24 cities reached a record 59.1 million sq ft in January-September.
The total was up 7 per cent from 55.3 million sq ft in the same period a year earlier, according to Savills.
Leasing in the top eight cities rose to 47.2 million sq ft, while tier-II and tier-III cities recorded 11.9 million sq ft.
Savills attributed stronger demand to light manufacturing, third-party logistics and e-commerce companies.
Fresh supply increased 25 per cent year on year to 68.9 million sq ft.
- Who
- Savills reported the figures. Occupiers included light manufacturers, third-party logistics providers and e-commerce companies.
- What
- Industrial and warehousing leasing reached a record 59.1 million sq ft, up 7 per cent year on year.
- When
- January-September 2026.
- Where
- The top 24 cities in India.
- Why
- Demand was supported by light manufacturing, third-party logistics and e-commerce companies.
This story does not have two clearly opposing sides.
India's industrial and logistics sector is expected to witness steady growth in 2026, supported by manufacturing expansion and sustained demand from 3PL, FMCG/FMCD, retail, and e-commerce occupiers
While Tier-I hubs continue to lead, Tier-II and III markets like Jaipur are carving out a distinct and critical position, driving nearly one fifth of the country's total absorption
Industrial and warehousing leasing across the top 24 cities was 55.3 million sq ft.
Leasing across the top 24 cities reached a record 59.1 million sq ft.
Economic Times published the report on Savills' figures.
- Total leasing
- 59.1 million sq ft
- Annual change
- Up 7 per cent from 55.3 million sq ft
- Top eight cities
- 47.2 million sq ft
- Tier-II and tier-III cities
- 11.9 million sq ft
- Fresh supply
- 68.9 million sq ft, up 25 per cent year on year
Sources
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