CRE Matrix & CREDAI Presents Grade-A India Warehouse Report Q2 CY'24

CRE Matrix and CREDAI National are excited to share the Grade A India Warehousing Report for Q2 CY'24, revealing key insights. India achieved its lowest-ever vacancy rate for Grade A warehousing at 8.2% in H1 CY'24, driven by a robust demand-to-supply ratio of 1.4x, with 20.3 million sq ft leased against a supply of 14.8 million sq ft. Leading markets, MMR, Pune, and NCR, captured 65% of this demand. Additionally, rental rates saw a 4% increase over the past year, fueled by strong leasing activity from key sectors like 3PL, manufacturing, and electrical.