The manufacturing sector outperformed the 3PL sector in leasing volume, marking a significant shift, as 3PL has traditionally dominated the Indian warehousing market.
Knight Frank India’s report titled ‘India Warehousing Market Report – Q3 2024’ cited that warehouse transactions across eight key Indian markets reached 14.65 million sq-ft (mn sq-ft) in Q3 2024 (July–September). Notably, 41% of these transactions involved Grade A spaces. The manufacturing sector outperformed the 3PL sector in leasing volume, marking a significant shift, as 3PL has traditionally dominated the Indian warehousing market. Manufacturing industries accounted for 37% of total transactions, leasing 14 mn sq-ft from January–September 2024.
