Economy
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.
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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.

By
6 mins read,
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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