NEW DELHI: India’s industrial and warehousing demand reached a record high with 26.5 million square feet of leasing in the first nine months of 2025, marking an 11 per cent year-on-year (YoY) growth, a report said on Wednesday.
Real estate services firm Colliers India said that during Q3 CY2025, new completions reached 9.4 million sq. ft, significantly outpacing demand and resulting in a 160-basis-point rise in vacancy levels on a sequential basis. The first nine months of 2025 witnessed a new supply of 28.8 million sq. ft, marking a 6 per cent year-on-year increase.
Grade A space uptake also hit an all-time high in the 9-month period, but demand slowed in the third quarter to 7.0 million sq. ft, marking a 23 per cent year-on-year decline, as global trade frictions made some occupiers cautious.