India's industrial and warehousing sector marked a notable recovery in Q1 2026, achieving a four-year-high in leasing activity at 11 million sq ft, reflecting a 22% increase from the previous quarter. This growth is largely attributed to the resurgence of e-commerce and third-party logistics (3PL) companies, which accounted for about 32% of total demand. E-commerce leasing alone rose to 4.7 million sq ft, doubling its market share from the previous year. Major players such as Amazon, Blinkit, and Reliance have been actively leasing space to support their operations. Vijay Ganesh, managing director of industrial and logistics services at Colliers India, noted that while the long-term outlook for the sector remains positive, developers are likely to adopt a cautious approach regarding new supply due to ongoing geopolitical uncertainties and supply chain disruptions. The emergence of quick commerce platforms like Blinkit and Zepto has further transformed demand dynamics, as these companies expand their dark store networks to facilitate rapid delivery times.