Logistics and industrial sector sees strong growth in 1st half of 2024: JLL

India's logistics and industrial sector experienced significant growth in H1 2024. Grade A and Grade B rents in major cities increased by 4.8% and 6.4% respectively, driven by strong demand for warehousing and manufacturing leases. The JLL report highlighted a 6.6% vacancy rate for Grade A properties and 15.4% for Grade B, with Grade A properties accounting for 70% of the 24.2 million sq. ft. absorption.