Industrial, logistics space leasing falls 9% in Q4 period across 8 cities

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Industrial, logistics space leasing falls 9% in Q4 period across 8 cities

Friday, 05 August 2022 | PTI | New Delhi

Leasing of industrial and logistics space fell 9 per cent annually across eight major cities during January-June this year to 12.8 million square feet, according to CBRE.

Anshuman Magazine, Chairman & CEO India, South-East Asia, Middle East & Africa, CBRE, said: "Increased focus on upgradation/expansion opportunities in Tier I cities; new market penetration in lower tier cities and extension of local distribution networks in emerging logistics hubs are expected to drive leasing in the future."