India Infographic - India Industrial and Logistics Market View, H1 2019
Leasing activity increased in H1 2019 by almost 31% compared to H1 2018 to cross 13 million sq. ft. Mumbai, Chennai and Bangalore accounted for close to 60% of leasing during the time period.
3PL firms dominated leasing during H1 2019, accounting for about 56% of the leasing activity, compared with 39% in H2 2018. They were followed by e-commerce players (9%) and retail firms (8%).
Rise in supply addition on an annual basis, by about 54% in H1 2019 as compared to H2 2018, with about 11 million sq. ft. of projects completed. About 65% of the completions were reported in Mumbai, Chennai and Ahmedabad.
Sustained rental momentum witnessed across key cities - NCR, Bangalore, Chennai and Hyderabad.