India's warehousing boom: Tier II-III cities drive 100M sq. ft.

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2024	Stock (million sq.ft.)	Absorption (million sq. ft)	Average Grade A Rents (INR/ sq. ft/ month)	Average Grade B Rents (INR/ sq. ft/ month)
Top 8 Tier I Cities	438	51	24.8	20.5
Emerging 12 Tier II-III Cities	95	9	22.0	17.5

^{Source: JLL India}

City	Consumption Base – Population (million), 2024	Stock (million sq. ft), 2024	Growth in Stock (2017 – 2024)	Absorption (million sq. ft), 2024
East	5.1	22.8	6X	1.6
Bhubaneswar – Cuttack	1.3	5.6	5X	0.5
Guwahati	1.2	8.0	6X	0.3
Patna	2.6	9.2	7X	0.8
North	11.5	35.6	4X	4.1
Chandigarh – Rajpura	1.2	14.1	4X	1.7
Jaipur	4.3	6.0	4X	0.7
Lucknow	4.0	8.5	4X	1.2
Ludhiana	2.0	7.0	2X	0.5
South	6.6	15.2	3X	1.2
Coimbatore	3.1	6.6	3X	0.7
Kochi	3.5	8.6	4X	0.5
West	6.9	21.2	3X	2.1
Goa	1.5	6.7	4X	0.8
Nagpur	3.1	13.0	3X	0.7
Nashik	2.3	1.5	3X	0.6

^{Source: JLL India}