Industrial & warehousing demand surges 15% YoY in Q1 2025, touches 9 mn sq ft across top 8 cities

India's industrial and warehousing market began 2025 strongly, with leasing activity up 15% YoY across top cities, led by Delhi NCR and Chennai. Engineering and e-commerce sectors surpassed 3PL in demand, driving large-sized deals. New supply mirrored leasing levels, while vacancy rates increased slightly, and average rentals edged higher in key industrial hubs.