The demand for warehousing spaces in Tamil Nadu is rising and newer locations are emerging in this space.
In Chennai, there is demand for warehousing spaces in locations such as Orakkadu near Ponneri, Sholavaram, Red Hills to Tiruvallur Road and Minjur. Apart from this, over the last two years developers have been expanding their footprint to second tier cities of Madurai, Coimbatore and Salem, according to details provided by Jones Lang LaSalle.
“3PL and E-Commerce have emerged as one of the fastest growing segments in warehousing space, contributing highest among all the other sectors,” said Jerry Kingsley, Head, Strategic Consulting and Valuation Advisory India & City Lead Capital Markets – Chennai, Jones Lang LaSalle.
