<h5>Blitz Bureau</h5> <strong>NEW DELHI:</strongIndia’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 October 15. 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. Nevertheless, the ongoing festive season and spur in warehousing requirements on account of higher e-commerce and electronics sales in the last quarter can push the demand in the last quarter, the report said. Delhi-NCR, Chennai, and Mumbai collectively accounted for over 60 per cent of the nine-month take-up, with Chennai and Delhi-NCR each surpassing 5 million sq ft, while Mumbai reached 4.2 million sq ft. Third-party logistics companies dominated occupier demand, accounting for nearly one-third of leasing activity. Engineering followed with 20 per cent, and e-commerce represented 15 per cent, the report noted.
