Logistics leasing to hit 50 mn sq ft
Financial Express Mumbai|December 25, 2024
Logistics & Industrial (L&I) real estate leasing volume for 2024 is expected to reach 50-53 million square feet (MSF), marking the third consecutive year with leasing volume exceeding 50 million sq ft, according to a report by property consultant Cushman & Wakefield.
FE BUREAU

As of October 2024, leasing volume has already surpassed 41 million square feet across the top eight real estate markets. Since the introduction of the Production-Linked Incentive (PLI) scheme in 2020, industrial leasing has seen strong growth. Moreover, the rapid expansion of retail and e-commerce has fueled significant activity in the warehousing sector, according to Cushman & Wakefield. "For 2025, we foresee the new-normal level of demand to sustain given the widening of the consumption base in India alongside robust industrial activity witnessed in recent years. India is also a beneficiary of the China+1 diversification strategy followed by global manufacturing firms," it said.

This story is from the December 25, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 25, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
How to manage a migraine
Financial Express Mumbai

How to manage a migraine

Know the dos and dont's of the debilitating headache

time-read
2 mins  |
January 12, 2025
The 'X' factor that is putting women at risk
Financial Express Mumbai

The 'X' factor that is putting women at risk

While women's genetic makeup makes them more prone to autoimmune diseases, are there other factors contributing to the condition as well?

time-read
3 mins  |
January 12, 2025
Celebrating the winter harvest
Financial Express Mumbai

Celebrating the winter harvest

The crop festival is celebrated uniquely across the country

time-read
2 mins  |
January 12, 2025
Humour, pain & curiousity
Financial Express Mumbai

Humour, pain & curiousity

Aadyam Theatre’s season 7 begins with an adaptation of Mark Haddon’s novel, The Curious Incident of the Dog in the Night-Time

time-read
2 mins  |
January 12, 2025
Bots in your wardrobe
Financial Express Mumbai

Bots in your wardrobe

AI is predicting fashion trends, creating unique shopping experiences and making catwalks immersive. Indian fashion industry, however, is yet to find its footing when it comes to experimenting with the tech

time-read
5 mins  |
January 12, 2025
'Sebi not planning any more actions to curb derivatives'
Financial Express Mumbai

'Sebi not planning any more actions to curb derivatives'

THE SECURITIES AND Exchange Board of India (Sebi) is not planning any more measures to curb or restrict activity in derivatives, Ananth Narayan, a wholetime member of the capital markets regulator, said on Saturday.

time-read
2 mins  |
January 12, 2025
Computing, tech growth to make India developed country, says Vaishnaw
Financial Express Mumbai

Computing, tech growth to make India developed country, says Vaishnaw

Electronics manufacturing cluster to come up in Pune

time-read
3 mins  |
January 12, 2025
Financial Express Mumbai

Italy's steelmaker gets offer from Jindal

ITALY'S LARGEST STEELMAKER, formerly known as Ilva, has received 10 purchase offers, according to its administrators.

time-read
1 min  |
January 12, 2025
US Sanctions Unlawful, Says Russian Atomic Energy Agency
Financial Express Mumbai

US Sanctions Unlawful, Says Russian Atomic Energy Agency

RUSSIA'S STATE ATOMIC Energy Corporation Rosatom has said the Biden administration's sanctions against it were \"unlawful\" and being seen as a form of unfair competition from unfriendly countries.

time-read
1 min  |
January 12, 2025
Financial Express Mumbai

Amazon Puts End to Inclusion Programmes

AMAZON.COM INC is halting some of its diversity and inclusion programmes, a move that coincides with activist pressure on US companies to abandon efforts to build a more diverse workforce.

time-read
1 min  |
January 12, 2025