Mumbai records 459% YoY growth in warehousing and logistics sector absorption: Report
New Delhi, July 28 -- Mumbai registered a 459 per cent annual surge in India's warehousing and logistics sector absorption during the second quarter of 2026, leading key industrial hubs across the country.
According to a report by Vestian, Mumbai led all individual markets with 5.04 million square feet (msf) of space absorbed, supported by concentrated leasing activity in its Bhiwandi corridor, which generated nearly 69 per cent of the city's total volume.
Overall absorption across the top seven cities reached 10.56 msf in Q2 2026, pushing the total for the first half of the year to 22.0 msf. This marked the highest first-half leasing volume in a year, expanding by 16 per cent year-on-year and 11 per cent over the second half of 2025 de...
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