Knight Frank – India Warehousing Market Report, Jul-Sep 2024

The Knight Frank India Warehousing Market Report for Q3 2024 highlights robust growth in the warehousing sector. The report reveals that total warehousing transactions reached 14.65 million sq ft in eight major markets, with Grade-A spaces constituting 41% of the total. The manufacturing sector, particularly automotive, energy, and chemicals, accounted for 37% of leasing activities, surpassing third-party logistics (3PL). Investment in the sector saw a sharp increase, hitting $1.5 billion for the first nine months of 2024, driven by private equity interests. Pune emerged as the costliest market for warehouse rentals at ₹26.9/sq ft/month, followed by Chennai and Mumbai. These developments reflect India’s growing role as a decentralized manufacturing hub.