Demand from ecommerce, 3PL to push warehousing absorption to highest ever in 2022
In 2021 itself, the net absorption of warehousing space rose to 39.2 million sq ft, surpassing not only 2020s absorption level of 22.1 million sq ft but also the 36.3 million sq ft registered in the pre-pandemic year of 2019. And the current pipeline of impending transactions is projected to drive net absorption of 42.5 million sq ft in 2022, according to data from JLL India.