Demand for industrial and storage space in Maharashtra's second largest city, Pune, is likely to grow by double digits this year to nearly 7.5 million square meters.

According to the latest study, e-commerce and third-party logistics providers are said to boost demand in Pune.

The survey found that demand is expected to grow 15-16% in 2022, bringing it to 7.5 million square feet by the end of the year.

Pune's demand peaked at 6.5 million square feet in 2021. The industrial and warehouse industry grew rapidly last year, with current inventory totaling 33.2 million square feet.

In the city, monthly leases are currently between $17 and $30 per square foot.