GST pushes logistics, warehousing space take up to all-time high in 2018

The implementation of the Goods & Services Tax has propelled India’s logistics and warehousing absorption to an all-time high of over 24 million sq ft in 2018, recording a growth rate of over 40% compared to 2017, showed data from CBRE South Asia. Overall in 2018, Mumbai, followed by NCR, Bangalore and Chennai dominated leasing, accounting for more than 70% of the space take-up. The secon…