New delhi: Delhi-NCR, Mumbai and Bengaluru was among the top 10 logistic markets for growth in the asia-pacific region in the second half of 2024, Higher than the regional average, accounting to a report on.
The Asia-Pacific (APAC) Logistics Market Saw Marginal Rental Growth of 0.2 per cent in year-on-yar-on-yar (yoy) terms but delhi-ncr at 2.8 per cent 2.8 per cent, mumbai at 2.3 per 2.3 per cent and Bengaluru AT 1.5 CUNGALU CEN Recorded Rental Growth Higher Than Regional Average (Year-On-Year), According to Knight Frank’s ‘Asia-Pacific Logistics Highlight H22 2024’ report.
Delhi-NCR is positioned Sixth in the Apac logistics market based on Annual Rental Growth. At Rs 21.07 per square feet per month, the city’s rents grew at 2.8 per cent yoy. The vacancy level in the market now stands at 14.5 per cent, according to the report.
Mumbai is on the served position in the Apac logistics market in terms of annual Rental Growth. With a yoy growth of 2.3 per cent, the city’s rents now stand at Rs 23.94 per sq ft per month. The Vacancy Level Grew to 11.8 per cent in H2 2024.
Bengaluru Spotted at 10th Rank in the Apac Logistics Market Based on Annual Rental Growth in H2 2024. Cent.
“The Healthy GDP Growth Forecast is expected to MainTain a Dynamic Business Environment and Support Occupier Accuper activity through 2025. Demand is expected to be sufficiently met, “said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
The government’s focus on the manufacturing sector is proving successful, resulting in healthy demand from this sector. The Robust Business Environment, Diversified Warehousing Demand, And Growing Institute of Interest Are To Help The Market Sustain Its Its Momentum in the Near to MEDIM Term, Baijal Added.