A Grade B warehouse is a type of warehouse that is not as modern or advanced as a Grade A warehouse but still has some potential and advantages for the warehousing industry.
Grade B warehouses have some features that make them suitable for certain types of businesses or products, such as:
Potential for Renovation:
Grade B warehouses, being older and technically outmoded, have a significant potential for renovation. With the increasing demand for quality warehousing space in India, there is a trend of upgrading Grade B and C facilities to Grade A. This renovation can enhance the usability of these warehouses, making them more appealing to businesses that require high-quality facilities.
Increased Storage Capacity:
The warehousing industry in India has evolved from mere storage spaces to highly sophisticated warehousing and logistics systems. This transformation has led to an increase in the average size of warehouses, thereby increasing their storage capacity. As of 2020, the area of its stocks across the country was estimated to be approximately 147.4 million square feet, indicating a substantial storage capacity.
Customizable Infrastructure:
While specific details about the customizability of Grade B warehouses in India are not readily available, it’s worth noting that warehouses in general are becoming more sophisticated and adaptable to meet the changing needs of businesses. This includes the potential for infrastructure customization to accommodate specific business requirements.
Large Stock Area:
It make up a significant portion of the total warehousing stock in India. As of 2020, they accounted for approximately 147.4 million square feet or around 64% of the total warehousing stock across eight major cities in the country. This large stock area is indicative of the continued relevance and demand for Grade B warehouses in the Indian warehousing landscape.