Calcutta’s Industrial & Logistics sector to record a 5-year high supply at 5.2 million square feet in 2023 and the city is witnessing an inflow of institutional funding from corporates looking to set up their facilities, CBRE South Asia, the international realty consultancy firm said in a report. The Industrial and Logistics (I&L) sector in Calcutta will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 million square feet. Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said, “the current real estate landscape in the state, particularly in Calcutta, is witnessing a transformative phase where the infusion of quality supply is fueling absorption, propelling the growth trajectory of the state’s real estate sector. Our observation of the Industrial & Logistics sector in Calcutta recording a 5-year high supply in 2023 with a notable absorption underscores the sector’s resilience and dynamism. The anticipated absorption of 3.5 million sq. ft. in CY 2023 indicates a positive outlook for leasing activities, suggesting a potential surge in demand for commercial spaces.