The reality?
610M sq.ft today vs 880M sq.ft demand by 2030
180-200M sq.ft under construction → 70-90M sq.ft shortfall
What’s driving this surge?
- E-commerce: $85B → $350B
- Manufacturing shift (China+1)
- 3PL growth ~18–22% CAGR
- Cold chain expansion ($12B → $35B)
What happens next?
Vacancy (5%) tightening to 3-4%
Rents rising 8-12% CAGR
What this means:
Occupiers: Delay = 15-20% higher costs
Investors: 14-17% IRRs (yield + appreciation)
Data sources: CBRE India – India Market Monitor (Logistics & Industrial);
JLL India – India Warehousing Report; Knight Frank India – Warehousing Market Update; Colliers India – Industrial & Logistics Report;
Deloitte India – Logistics & Supply Chain Reports;
IBEF – E-commerce & Logistics Industry Data
This isn’t just growth.
It’s a structural supply-demand imbalance.
