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Warehousing absorption stands at 34mn sqft in 2019, expected to grow by 20% in 2020

Warehousing
  • Warehousing Stock: In the year 2019, warehouse absorption stood at 34 Mn sq. ft. and Vacancy less than 10% in all of India. Outlook for 2020 remains positive with a 20% growth mainly driven by Manufacturing Sector Leasing more and 3PL & Ecomm increasing their needs in Tier-II cities.
Warehousing Stock across top cities 
City Supply  Absorption 
Ahmedabad 3.3 mn Sqft 1.85 mn Sqft
Bangalore 6.36 mn Sqft 5.5 mn Sqft
Chennai 3.92 mn Sqft 3.5 mn Sqft
Delhi 8.1 mn Sqft 7.75 mn Sqft
Hyderabad 2.9 mn Sqft 2.1 mn Sqft
Kolkata 3.96 mns Sqft 3.31 mn Sqft
Mumbai 5.7 mn Sqft 5.5 mn Sqft
Pune 3.7 mn Sqft 3.5 mn Sqft
  • Rental Stock:  The year 2019 saw a major push on specifications and compliance from occupiers with Rents moving up by 5% to 10%.  The Outlook will focus on Grade A Speculative Stock which is Compliant & Improved Specifications from Developers.
  • Land: 2019 saw 3500 acres being transacted with the majority being outright purchase followed by JVs and JDs apart from few marque assets.
  • Sectoral overview: The manufacturing sector absorbed around 6 Mn sq. ft. pan India. Ecommerce and 3PL leased around 20 Mn sq. ft. all India. SMEs & Electronic components manufacturers and the Auto sector leased significantly in few cities in India.
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