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Gross absorption in industrial and warehousing facilities up 7% YoY; supply moderates

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Activity in Grade A industrial and warehousing facilities continues to be resilient, with gross absorption during H1 2022 in the top 5 cities at 10.8 million sq feet, a 7% increase YoY, mentioned Colliers.

Delhi-NCR accounted for the highest activity at 28% share, followed by Pune with 24% share in demand. However, on the supply side, vacancy declined by 24% YoY to 11.8 million sq feet in H1 2022.

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