Logistics
Third-party logistics firms are driving warehousing demand in India. Here’s why.
![Third-party logistics firms are driving warehousing demand in India. Here’s why.](https://img.etimg.com/thumb/msid-108596811,width-1015,height-761,imgsize-67260,resizemode-8/prime/economy-and-policy/third-party-logistics-firms-are-driving-warehousing-demand-in-india-heres-why-.jpg)
![Third-party logistics firms are driving warehousing demand in India. Here’s why.](https://img.etimg.com/thumb/msid-108596811,width-1015,height-761,imgsize-67260,resizemode-8/prime/economy-and-policy/third-party-logistics-firms-are-driving-warehousing-demand-in-india-heres-why-.jpg)
Synopsis
With more and more companies outsourcing their logistics and warehousing functions, the demand from 3PL players for high-end warehouses has shot up. While it can put a downward pressure on rentals in the immediate future, the dominance of 3PL firms is accelerating the modernization of India’s warehousing sector.
India’s warehousing industry is witnessing a significant shift in the composition of tenants with third-party logistics (3PL) companies driving the demand for Grade A and Grade B facilities across the top eight markets. According to a recent report by real-estate consultancy JLL, the total warehousing stock in Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad, and Pune rose by 12.8% to 371 million sq ft during the one-year
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