Mumbai - The first half of the current year saw an 8 per cent increase in warehousing and logistics absorption, reaching 16.6 million sq ft, compared to the same period last year, according to the latest office market report from Vestian, a US-headquartered workplace solutions firm.

However, this figure represents a 26 per cent decrease compared to the second half (H2) of 2023. The reduction is largely due to a significant 74 per cent dip in absorption in the NCR region, the report added.

Mumbai and Pune together accounted for 63 . . .