# Industrial Leasing Hits Record 59.1 Mn Sq Ft

> India's industrial and warehousing space leasing reaches 59.1 million sq ft in top 24 cities for Jan-Sep, up 7% from last year.
- Title: Industrial Leasing Hits Record 59.1 Mn Sq Ft | Shortify
- Summary: India's industrial and warehousing space leasing reaches 59.1 million sq ft in top 24 cities for Jan-Sep, up 7% from last year. Savills reports industrial…
- Keywords: industrial leasing, warehousing space, savills india, logistics sector, tier i cities, tier ii cities, e-commerce, money, business, Industrial, Leasing, Hits
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/digital-real-estate/realty-news/industrial-warehousing-space-leasing-hits-record-59-1-mn-sq-ft-in-top-24-cities-in-jan-sep-savills/articleshow/134853108.cms
- Author: PTI
- Published: 2026-10-10T11:27:00+00:00
- Read time: 1 min
- Topics: industrial leasing, warehousing space, savills india, logistics sector, tier i cities, tier ii cities, e-commerce, money, business
## Leasing Rises 7% in Jan-Sep
Savills reports industrial and warehousing space leasing rose 7 per cent in January-September across top 24 cities from 55.3 million sq ft to 59.1 million sq ft.
## Top 8 Cities Leased 47.2 Mn Sq Ft
Leasing in top eight major cities reached 47.2 million sq ft from 44 million sq ft in the year-ago period.
## Tier II and III Cities Leased 11.9 Mn Sq Ft
Tier-II and III cities saw leasing grow to 11.9 million sq ft from 11.3 million sq ft in the year-ago period.
## Fresh Supply Up 25% Annually
Savills data shows fresh supply increased 25 per cent annually to 68.9 million sq ft during January-September.
## Tier II Cities Drive 20% Absorption
Mukesh Choudhary noted Tier-II and III markets like Jaipur drive nearly one fifth of the country's total absorption.
## Structural Shift in Supply Chains
E-commerce, 3PL providers, and manufacturing units seek high-grade regional hubs to optimize, de-risk and decentralise supply chains.
## Key takeaway

Savills reports industrial and warehousing space leasing in India's top 24 cities hit a record 59.1 million sq ft in January-September 2024, a 7% increase from the previous year.