Asia Pacific Office Outlook 2024

AHMEDABAD

NEW SUPPLY

N EW S U P P LY ( M S F )

4.5

FORECAST

4.0

3.5

3.0

 The city is expected to witness a healthy supply of 2.8 msf by the end of 2023.  The majority of the new supply in 2023 is concentrated in the SBD and PBD submarkets, which is backed by strong demand.  New supply of ~4 msf is expected to enter the market in 2024 and 2025 spread across submarkets.  Beyond 2025, the supply is expected to remain low compared to 2024 and 2025.

2.5

2.0

1.5

1.0

0.5

0.0

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield