Mumbai Industrial & Logistics | Year-End 2023

Mumbai Industrial & Logistics | Year-End 2023

In 2023, Mumbai Metropolitan Region (MMR) witnessed an absorption of 6.6 million sq. ft. of industrial and warehousing space against 6.3 million sq. ft. in 2022 with a growth rate of 4.8% from 2022 levels. The 3PL sector dominated absorption, making up 49% of the total, with retail following at 39% and manufacturing at 6%.  

On the supply side, the city witnessed 6.8 million sq. ft. in 2023 against 4.8 million sq. ft. in 2022 with a growth of 41.7% from 2022 levels. 

Stay updated with more trends and developments from the city in our report - Mumbai Industrial & Logistics | Year-End 2023.

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