Current Vacancy Levels in Government-Developed Parks

Vacancy rates in state-run industrial estates such as SIPCOT, MIDC, or KIADB remain low, typically ranging between 8% and 12%. Factors contributing to this include:

• High absorption of pre-zoned and infrastructure-ready plots
  
• Priority given to export-driven and large-scale manufacturers
  
• Stable long-term leases and allotments to anchor industries
  
• Limited land release cycles and long waiting lists in established clusters
  

In mature zones, most plots are fully allocated, with minimal turnover unless expansions or relocations occur.

Vacancy in Private Industrial Parks and SEZs

In privately developed industrial parks and SEZs, vacancy rates range from 12% to 18%, depending on location, amenities, and sector focus. Observations include:

• Lower vacancy in logistics-focused parks near highways or freight terminals
  
• Higher availability in parks with incomplete infrastructure or poor utility access
  
• Ongoing absorption in parks offering plug-and-play or build-to-suit facilities
  
• SEZs with flexible warehousing or assembly options have seen steady decline in vacancy post-COVID due to 3PL and EV component demand
  

Newer parks with efficient layout planning and compliance-ready land show faster occupancy cycles.

Vacancy Outlook and Absorption Pipeline

The vacancy rate across nearby industrial zones is expected to tighten further over the next 12–24 months due to:

• Expansion by EV, electronics, and warehousing sectors
  
• Scarcity of titled, approved land in primary micro-markets
  
• Increasing entry of mid-sized manufacturers and MSMEs into zoned clusters
  
• Reduced speculative landholding due to rising cost of capital and compliance pressure
  

Overall, the regional vacancy rate is stabilizing below 15%, indicating a healthy, growing industrial ecosystem with strong demand-side momentum