ASIA PACIFIC OUTLOOK 2025

AHMEDABAD

RENT GROWTH

Rental growth is expected at 2.0% for 2024 and will remain at around a similar level in the near future.

6.0%

620

FORECAST

Rental growth is mainly driven by superior-grade assets, the availability of which is limited while demand remains strong.

600

5.0%

580

4.0%

560

3.0%

540

520

2.0%

500

1.0%

480

0.0%

460

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

RENT (INR/SF/YR) AND RENT GROWTH (% PER ANNUM) INR/SQFT/YR

Rent growth (%)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield