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The year 2018 saw India鈥檚 warehousing and logistics sector coming of age, outshining some conventional real estate asset classes and attracting the attention of global investors. Indeed, the year witnessed a 22-per-cent, year-on-year (YoY) growth in total stock in Grade A and B warehousing space in the top eight cities, while total inventory in these cities evolved to 169 million sq ft in 2018 from 138 million sq ft a year ago. Interestingly, according to JLL, the absorption in total warehousing space also witnessed over 50 per cent growth YoY, reaching almost 32 million sq ft in 2018. Built-to-suit developments constituted 26 per cent of the absorption last year. Clearly, demand is outstripping supply significantly, with vacancies dropping below 10 per cent for the first time ever.  Source: JLL Industrial Research 2019 for Grade-A & B spaces in top 8 cities in India                *includes BTS spacesCities Driving Opportunities City2018 warehousing absorption (million sq ft)Delhi-NCR9.8Bengaluru4.6Pune3.9Mumbai3.6Kolkata3.4Chennai2.7Ahmedabad2.6Hyderabad1.2Source: JLL India India鈥檚 top eight cities are driving warehousing opportunities. Delhi-NCR remained buoyant, with over 25 per cent of total absorption. There is a growing focus in Tier-II cities, including Coimbatore, Guwahati, Jaipur, Lucknow, Nagpur and Ludhiana.SERAPHINA D鈥橲OUZA