{"id":25292,"date":"2022-02-22T15:44:03","date_gmt":"2022-02-22T10:14:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-realty-logistics-space\/"},"modified":"2022-02-22T16:03:06","modified_gmt":"2022-02-22T10:33:06","slug":"biz-realty-logistics-space","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-realty-logistics-space\/","title":{"rendered":"Industrial, logistics space leasing jumps 39% to 28 mn sqft in 2021: Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1149866791\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 22 (PTI) Leasing of industrial and logistics spaces rose 39 per cent in 2021 to 28 million square feet across eight major cities on better demand from third-party logistics firms and e-commerce firms, according to property consultant CBRE.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2544764262\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> In its report, CBRE highlighted that the leasing activity grew about 39 per cent y-o-y (year-on-year) to cross 28 million square feet in 2021 from 20 million square feet in 2020.<\/p>\n<p> Bengaluru and Delhi-NCR dominated the leasing activity, accounting for about 44 per cent of the overall space take-up.<\/p>\n<p> The 3PL (third-party logistics) players drove the leasing activity with a share of 41 per cent, followed by occupiers from e-commerce (18 per cent), retail (11 per cent) and engineering &#038; manufacturing (11 per cent) sectors.<\/p><div class=\"trade-content_5\" id=\"trade-942840380\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> New supply increased from 19 million square feet in 2020 by about 38 per cent y-o-y to touch 27 million square feet during 2021. Delhi-NCR and Chennai drove supply addition, accounting for about 56 per cent of project completions.<\/p>\n<p> Industrial and logistics (I&#038;L) space absorption was dominated by small-sized transactions (less than 50,000 square feet) in 2021, with a share of 44 per cent.<\/p>\n<p> A peak was recorded in this sector in terms of investments, with deals worth more than USD 1.3 billion reported during the last year as compared to USD 0.08 billion during 2020.<\/p>\n<p> Anshuman Magazine, chairman and CEO (India, Southeast Asia, Middle East and Africa) of CBRE, said, &#8220;The continued emphasis on infrastructure development by way of enhancing India&#8217;s roadways, railways and logistical capabilities is expected to further boost the demand for the industrial and logistics sector.&#8221; \t &#8220;Holistic infrastructure planning and development through GatiShakti would reap benefits for the Indian I&#038;L sector, particularly the logistics segment \u2014 leading to improvement in business sentiments, higher efficiencies, cost reduction and greater savings,&#8221; he added.<\/p>\n<p> Earlier this month, Colliers India reported leasing of 22.3 million square feet last year across warehousing and industrial facilities in the top-five cities.<\/p>\n<p> Fresh supply in five cities &#8212; Delhi-NCR, Mumbai, Pune, Bengaluru and Chennai &#8212; increased to 23.9 million square feet in 2021 from 22.1 million square feet in the previous year.<\/p><div class=\"trade-content-10\" id=\"trade-2707387882\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;Robust leasing momentum was witnessed in 2021 irrespective of the fact that the COVID-19 situation continues to evolve. Supply introduction in most markets is witnessing a strong revival in spite of material price escalation continuing to be a challenge,&#8221; Shyam Arumugam, managing director (industrial and logistics services) of Colliers India, said.<\/p>\n<p> &#8220;We are witnessing industrial demand pick up across cities such as Chennai, Pune and Delhi-NCR. We are also witnessing active leasing enquiries in emerging Tier-II markets on account of the need for last mile delivery for customers,&#8221; he said.<\/p>\n<p> Given the government&#8217;s push for the adoption of clean mobility and successful roll-out of PLI schemes across key manufacturing sectors, Arumugam expects that leasing momentum to continue even during this year. PTI MJH  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-391991993\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 22 (PTI) Leasing of industrial and logistics spaces rose 39 per cent in 2021 to 28 million square feet across eight major cities on better demand from third-party logistics firms and e-commerce firms, according to property consultant CBRE. In its report, CBRE highlighted that the leasing activity grew about 39 per cent [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-25292","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial, logistics space leasing jumps 39% to 28 mn sqft in 2021: Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-realty-logistics-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial, logistics space leasing jumps 39% to 28 mn sqft in 2021: Report\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 22 (PTI) Leasing of industrial and logistics spaces rose 39 per cent in 2021 to 28 million square feet across eight major cities on better demand from third-party logistics firms and e-commerce firms, according to property consultant CBRE. 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