Asia Pacific Office Outlook 2024

PUNE

RENT GROWTH

R E N T ( I N R / S F/ Y R ) A N D R E N T G R OWT H ( % P E R A N N U M )

FORECAST

1,200

3.5%

3.0%

1,150

2.5%

1,100

2.0%

1.5%

1,050

1.0%

1,000

 Rentals are expected to trend upwards, driven largely by key markets like SBD East and CBD.  Rent growth is expected to see an average annual rise of 1.7% in the upcoming years.

0.5%

950

0.0%

2021

2022

2023F 2024F 2025F 2026F 2027F

Rent (INR/SQFT/YR)

Rent growth (%)

Source: Cushman & Wakefield