Hyd Clocks 24l-Sft Industrial, Logistics Leasing In H2

Hyderabad: The total leasing volume in industrial and logistics space in the city stood at 2.4 million sft (24 lakh) in the second half (H2) of CY 2024 (July-December 2024), according to a report.

Among the top eight cities, Hyderabad listed fifth in the total volume of space leased out by industrial and logistic companies, wherein retailers drove the absorption with 36 per cent of the total (2.4 mn sft) industrial and logistics leased out, followed by third-party logistics players (3PL) accounting for 14 per cent and e-Commerce with 13 per cent, mentioned ‘CBRE Industrial and Logistics Figures H2 2024’ report released by CBRE South Asia Pvt Ltd on Thursday.

Anshuman Magazine, Chairman, CBRE India, said: “Leasing activity remained strong across key cities in 2024. The dominance of 3PL providers underscores their pivotal role in shaping the sector’s future.

Additionally, we expect the in-city warehousing and quick-commerce concept to become even more significant in 2025. Delhi-NCR, Kolkata, and Bengaluru are anticipated to lead the absorption activity this year.”