Pune Industrial & Logistics | Year-End 2023
The Pune market witnessed absorption of 5.7 million sq. ft. in 2023 in comparison with 6.0 million sq. ft. in 2022. The manufacturing sector accounted for the majority of absorption, contributing 82% of total absorption, followed by the 3PL sector at 18%.
On the supply side, the city witnessed 6.3 million sq. ft. in 2023 with an increase of 34.0%. The surge in supply was due to the delivery of projects in response to growing demand.
Stay updated with more trends and developments from the city in our report - Pune Industrial & Logistics | Year-End 2023.
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