Hyderabad Industrial & Logistics | Year-End 2023
The Hyderabad market witnessed absorption of 2.5 million sq. ft. of manufacturing and warehouse space in 2023 in comparison with 2.8 million sq. ft. in 2022. The 3PL sector accounted for the majority of absorption, contributing 24% of total absorption, followed by e-commerce at 17%, retail and FMCG/FMCD at 12% each and manufacturing at 8%.
The city witnessed the completion of 2.1 million sq. ft. in 2023 with an increase of 31.3% from 2022 levels.
Stay updated with more trends and developments from the city in our report - Hyderabad Industrial & Logistics | Year-End 2023.