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E-commerce grabs bigger space in warehouse leasing

10-25% – Rents rose last year on demand for better quality space

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E-commerce grabs bigger space in warehouse leasing
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    Leasing of warehousing space went up by over 45% last year, driven by e-commerce, according to property consultant CBRE

    25 mn sq ft – Space leased in seven major cities in 2018

    10-25% – Rents rose last year on demand for better quality space

    60 million sq ft – Expected supply in warehousing and logistics space by 2020-end, of which:

    22 mn sq ft – To be in grade-A category

    23% – Share of e-comm in warehousing leasing last year

    10% – It was in 2017

    The outlook

    • Continued demand from e-tailers, policy impetus and growing demand from tier-II cities to drive leasing
       
    • Modern tech-powered warehouses will be in more demand
       
    • Expect addition of more variables to the warehousing equation - supply chain modernisation, growing foray of tech and artificial intelligence, optimisation of delivery networks and greater synergy between retail and logistics networks

    The impressive growth of the e-commerce sector has been on the back of favourable policy reforms, tech-enhanced warehouses, rising smartphone and internet penetration, digital India movement, amongst others"

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