Warehousing sector likely to see funding boom this year

Warehouses will likely draw a disproportionate share of investor funds this year due to burgeoning demand from manufacturers and third-party logistics (3PL) companies.

A total of 45 million square feet of grade A warehouses have been leased in the top 7 cities in 2022, and it’s expected to reach 50 million square feet by the end of 2023, said Cushman and Wakefield.

"We will see the core sector dominate leasing as opposed to eCommerce,” said Abhishek Bhutani, MD, Industrial and Logistics, Cushman and Wakefield. “We will also witness many new platforms being formed to invest in the logistics and warehousing segment."