3PL players: Continued to expand operations across the country, demand increasing for a complete logistics management model.
Engineering & manufacturing: Likely to move to a favorable location, driven by supply chain efficiencies.
E-commerce: Prominent players could now take up large-sized investment grade spaces.
Figure 3: Average deal size in the pre- and post-GST eras
#3 SECTORS DRIVING LEASING ACTIVITY (%)
3PL:28%
Engineering &
manufacturing:
24%
E-commerce:
18%
3PL:42%
Engineering &
manufacturing:
13%
E-commerce:
15%
PRE-GST ERA
POST-GST ERA
Note: The increase in occupier preference is not just because of GST, but due to the overall evolution of the I&L sector which has been witnessing increasing investments on the back of several policy initiatives