Small office space hot in Kolkata market

In Kolkata, nine out of 10 office space deals were for properties below 50,000 sq ft in 2022. Only one out of 10 was in the 50,000-1 lakh sqft size with none exceeding 1 lakh sq ft. Overall office space demand witnessed in the city grew from a little over 0.8 m sq ft in 2021 to over 1.1 m sq ft in 2022, a growth of 42% year-on-year.

Small office space hot in Kolkata market
In Kolkata, nine out of 10 office space deals were for properties below 50,000 sq ft in 2022. Only one out of 10 was in the 50,000-1 lakh sqft size with none exceeding 1 lakh sq ft. Overall office space demand witnessed in the city grew from a little over 0.8 m sq ft in 2021 to over 1.1 m sq ft in 2022, a growth of 42% year-on-year.