The surge in demand is not limited to increased space but also signals a qualitative shift. High-quality Grade A warehouses are expected to see substantial growth, with projected to expand from 290 million sq. ft in 2023 to 400 million sq. ft by 2027.
The demand for industrial and warehousing spaces during January to September this year registered a 17 per cent annual growth across the top five cities in India, according to the global commercial real estate services company, Colliers.