Delhi NCR & Chennai continue to lead, contributing nearly half of industrial & warehousing demand during Jan-Sep 2026: Colliers India
Key Highlights
- ➤Grade A leasing reached 33.3 million sq ft, up 26% YoY
- ➤Delhi NCR and Chennai accounted for 47% of overall leasing
- ➤Q3 demand hit 11.4 million sq ft, rising 63% YoY
- ➤3PL firms drove over 11 million sq ft, nearly one-third of demand
- ➤New supply reached 34.5 million sq ft, up 19% YoY
Expert Statements
Vijay Ganesh, Managing Director, Industrial & Logistics Services, Colliers India
“India's industrial & warehousing sector witnessed significant demand acceleration during Q3 2026, with leasing volumes surging by 63% YoY to 11.4 million sq ft of Grade A space. Demand continued to be anchored by Delhi NCR & Chennai, which together accounted for half of the quarter's absorption, while Bengaluru & Pune emerged as high-growth markets, recording 2-4X times increase in leasing volumes on a yearly basis. The strong performance across key markets positions the sector to achieve 40-45 million sq ft of leasing in 2026,”
Vimal Nadar, National Director & Head of Research, Colliers India
“The industrial & warehousing sector maintained strong momentum in Jan-Sep 2026, led by robust demand from both logistics and manufacturing occupiers. While 3PL firms accounted for about one-third of overall leasing, engineering and e-commerce firms accounted for 15-20% share in leasing each. The broadening occupier base highlights the sector's increasing diversification, reducing reliance on a single demand segment and reinforcing the market's long-term growth prospects. This diversified demand profile, coupled with ongoing manufacturing expansion and supply chain investments, is expected to sustain healthy leasing activity across India’s key industrial and warehousing markets,”
Delhi NCR & Chennai continue to lead, contributing nearly half of industrial & warehousing demand during Jan-Sep 2026: Colliers India PR Newswire
BENGALURU, India, Oct. 23, 2026 * During Jan-Sep 2026, demand for Grade A industrial & warehousing space crossed 33 million sq ft, a 26% YoY rise * During Jan-Sep 2026, Delhi NCR and Chennai together drove 47% of overall leasing * During Jan-Sep 2026, 3PL firms dominated demand with one-third share in leasing; space uptake by automobile segment increased by 70% YoY * During Jan-Sep 2026, new supply remained strong at 34.5 million sq ft, rising by 19% YoY * Q3 2026 alone witnessed 11.4 million sq ft of demand, highest in recent quarters BENGALURU, India, Oct. 23, 2026 /PRNewswire/ -- Strong occupier traction continued to drive industrial & warehousing demand across the top 8 cities of the country during the first nine months of 2026. Grade A leasing touched 33.3 million sq ft, a robust 26% YoY increase. Amongst the major cities, Delhi NCR & Chennai remained at the forefront, together constituting nearly half of the overall demand in the first three quarters of the year. Meanwhile, Pune & Bengaluru particularly witnessed strong momentum, with space uptake rising annually by 60-70%. These two cities cumulatively drove close to 8 million sq ft of demand during Jan-Sep 2026. Overall, the eight leading markets remained fundamentally strong & resilient, with seven of them registering higher demand in Jan-Sep 2026 compared to the corresponding period of 2025.
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