
Delhi-NCR, Mumbai, and Bengaluru among top 10 APAC logistics markets for annual rental growth in H2 2024: Knight Frank
Mumbai, March 29, 2025: According to Knight Frank’s Asia-Pacific Logistics Highlight H2 2024 the Asia-Pacific (APAC) logistics market saw marginal rental growth of 0.2% in year-on-year (YoY) terms marking a significant slowdown. The study noted that Delhi – NCR at 2.8%, Mumbai at 2.3% and Bengaluru at 1.5% recorded YoY rental growth higher than regional average.Though 14 of 17 tracked cities observed rent increases in H2 2024, overall rental growth slowed due to challenging conditions in Chinese Mainland, especially in Beijing and Shanghai. Rents for logistics spaces in the region registered an average of 0.2% growth in 2024, a considerable deceleration from the 7.0% clocked in 2023, and down from the 2.0% increase from six months ago. Melbourne’s market led the region in terms of ren...








