New Delhi, October 17 (IANS). Leasing by the industrial and logistics (I&L) real estate sector is expected to grow 28 per cent year-on-year in the first nine months of 2025. This information was given in a report released on Friday.
Global commercial real estate and investment firm CBRE said in its report that during the review period, total leasing across the top eight Indian cities – Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata and Ahmedabad – stood at 37 million sq ft, compared to 28.8 million sq ft last year.
Delhi-NCR had the highest share in total leasing activity during the first nine months of this year at 11.7 million sq ft, followed by Bengaluru with 5.7 million sq ft and Hyderabad at third with 4.6 million sq ft, the report said. The total share of these three cities in total leasing was 59 percent.
Mumbai and Kolkata were at fourth and fifth positions with 4.2 million sq ft and 3.8 million sq ft of leasing respectively.
“This demand is primarily driven by the expansion of third-party logistics (3PL) providers and the rise in quick commerce,” said Anshuman Magazine, president and CEO (India, South-East Asia, Middle East and Africa), CBRE.
According to the report, during the first nine months of 2025, supply increased by 23.8 million sq ft as institutional investor-backed developers continued their expansion. Bengaluru, Chennai and Mumbai collectively had 62 percent stake in this.
The report said that in the July-September quarter, total industrial and logistics leasing reached 10.4 million sq ft, of which third-party leasing (3PL) companies accounted for 40 per cent, followed by e-commerce companies at 18 per cent and engineering and manufacturing firms at 15 per cent.
The report further said that domestic companies contributed 68 percent of total quarterly leasing, while EMEA companies accounted for 14 percent.
–IANS
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