Warehouse leasing growth continues in 2016

Demand for warehousing space continued to remain strong during the year 2016 with over 10 million sq ft space leased across leading cities of India. The engineering, manufacturing and e-Commerce companies leased 22% of the total space transacted during the year, while third-party logistics companies share stood at 21% and FMCG players at 17%, showed a CBRE report.

In anticipation of the Goods and Services Tax (GST), few firms have deferred their investment decisions and that was also reflected in the year-on-year sectorial space take-up.

For instance, the share of third-party logistics companies declined from 31% in 2015 to only 21% in 2016. On the other hand, the space take-up by electronics retailers increased by 29% on-year during 2016 led by rising consumerism.


Read more: ETRealty