Ecommerce demand for warehousing space down

Warehousing space demand from large ecommerce firms such as Amazon, Flipkart, Bigbasket and FirstCry have come down significantly this calendar due to an expected slowdown in consumer demand and a large base, recent studies show.

Ecommerce companies contributed to a mere 4% of total warehousing leasing in the first half of 2022, down from 23% in the first half of last year, data from property consultancy firm Colliers shows.