Asia Pacific Office Outlook 2024

PUNE

NEW SUPPLY

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

8

FORECAST

7

6

5

4

 The city is expected to receive new supply of ~6.6 msf in 2023, the majority of which (56%) is concentrated in the SBD East submarket.  Total supply of 16.6 msf is expected to become

3

2

1

operational during 2024– 2026. Again, most of this supply is concentrated in SBD East (~46%).

0

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield