Mumbai, Delhi-NCR and Bengaluru are among Asia-Pacific’s top 10 cities for logistics rental growth in the first half of 2026, according to a Knight Frank report. The report links the rise to ongoing demand for modern warehousing facilities and continued leasing activity across the region.
In the Indian markets covered, Mumbai Metropolitan Region posts the strongest figures among the three, with logistics rents up 5.3% year-on-year and 4.4% on a half-on-half basis. Delhi-NCR follows with annual growth of 5.2%, while Bengaluru shows 4.4% year-on-year growth. The report also notes lower vacancy levels in these markets—13.5% in Mumbai and 14.7% in Delhi-NCR—alongside rent levels of Rs 26 per sq ft per month (Mumbai) and Rs 22.30 per sq ft per month (Delhi-NCR).
The outlets emphasize different aspects of the same underlying findings. The Free Press Journal highlights occupier demand drivers such as manufacturing expansion, e-commerce and third-party logistics, plus preferences for technology-enabled and sustainable warehouses. Times of India frames the development more broadly as cities rising within APAC logistics rankings as rents increase, without adding further demand details.
