Rising Demand of Rental Warehouse in Eastern India

From the last few years, Eastern India has seen significant growth in development on land as well as in industries. It has been developing at a tremendous rate that can be seen in every industrial sector, including the warehouse industry. With the growth in e-commerce sectors in these regions, the demand for warehouse space has also increased drastically.

Most of the small as well as big businesses are expanding their reach in cities lying in eastern India. However, from the list of many cities of eastern India, Kolkata has emerged with the highest demands of warehouse spaces. Kolkata has been a prominent location for the storage and shipping center of east India for a long time. And now, with the initiative of ACT EAST and GST policies, thousands of companies started looking for warehouses for lease in Kolkata to shift their hub.

In addition to Kolkata, the demand for the rental warehouse in Guwahati has also increased at a blazing-fast rate. With this demand rate, Guwahati has become the second major hub for with highest warehouse space demand in eastern India followed by Patna, Ranchi, and Bhubhaneshwar. Apart from e-commerce giants, these demands of warehouse spaces are lead by pharmaceuticals, healthcare, and electronics industries.

If we talk about the average rentals of warehouses in eastern cities, Kolkata still ranks at the top with average rentals that range from Rs. 17 to Rs 27 Per Sqft. While on the other eastern cities, the average warehouse rentals range from Rs 15 to Rs 27 per sqft. However, the rental price of the warehouses varies with the location and amenities of them.

Well, with the rising demands of warehouses in these eastern cities, it is quite difficult to find good warehouses under the budget, especially for small companies. However, there are many real estate consultants like GetzSpace, that deal with warehouse leasing to help companies finding the best warehouse space for leasing that bring them the utmost profits. They have huge connections with warehouses that companies can choose from as per their requirements and budget.

Looking forward to the rising demand for rental warehouses in eastern India, it's a good move for companies to invest in warehouses that are already on the lease before the rates of warehouses touch the sky. Rest, it will be interesting to have a close watch on how warehouses demand increases in eastern India in the coming years.

While the world is depending on online businesses, it's a great opportunity for businesses that aren't online to shift their mode of operation to reach more customers and generate sales. Although stepping into the online business increases your customer reach, it also demands you to buy more resources to feed the customer's demand. And there, you need to expand your inventory to feed your customer's needs.

So, to expand your inventory, you need to have a good warehouse space where you can store your products and ship it directly to the customers right from the warehouse itself. The good thing is, you don't have to invest much to buy a space for storage, instead, you can opt for rental warehouse space in Gurgaon and in many other cities which is budget-efficient and safe for your business.

However, finding the best warehousing solution for your business can be challenging for you as there are a lot of factors that you should consider while choosing the rental warehouse space for your business. Just like other industries, some professionals and consultants can help you find the best warehouse space that suits your business demand. GetzSpace is one such company that can help you find the best rental warehouse space in pan India.