ASIA PACIFIC OUTLOOK 2025

KOLKATA

NEW SUPPLY

Kolkata is expected to witness new completions of around 0.8 msf in 2024.

2.5

The projects are located across the Salt Lake Sector V and Pak Circus Connector submarkets. Developers are looking to expedite completion on the back of healthy demand for premium Grade A properties

FORECAST

2.0

1.5

Over 2 msf of new supply is expected in 2025 including

expansion of a Brookfield India REIT-owned property. Substantial supply is also likely in 2026 and 2027 across prime submarkets such as Salt Lake Sector V and Rajarhat, which have seen healthy space takeup from large IT and professional services occupiers in 2023 and 2024.

1.0

NEW SUPPLY (MSF)

0.5

0.0

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

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield