Outlook 2023 India

PUNE

NEW SUPPLY

NEW SUPPLY (MSF)

9

 The city is expected to receive new supply of ~8.0 msf in 2022, the majority of which is concentrated in the SBD East (33%) submarket, closely followed by PBD West with a 31% share.  Total supply of 9.0 msf is expected to become operational during 2023 2024. Again most is located in SBD East (~60%).  Average annual supply of 3-3.5 msf is anticipated post-2024.

FORECAST

8

7

6

5

4

3

2

1

0

2020

2021

2022F

2023F

2024F

2025F

2026F

Source: Cushman & Wakefield