Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.
Ahmedabad MarketBeat Reports
30/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
AUTHOR
CURRENT MARKETBEAT
Ahmedabad Office Report
Ahmedabad office market recorded gross leasing volume (GLV) of 1.04 MSF in Q4 2024, a ~2X jump from Q3 2024, driven by BFSI and IT–BPM, holding a 46% and 24% share respectively. On an annual basis, leasing by engineering & manufacturing firms grew 3X in 2024 compared to 2023. New supply of 0.85 MSF was recorded, a 32% q-o-q increase. Vacancy rates across the city dropped to 25.2% and 7.27% for the GIFT city submarket. Rentals increased 5-7% y-o-y for the superior grade assets of GIFT city and SBD submarkets.
Ahmedabad Retail Report
Ahmedabad saw main street leasing volume of ~77,000 SF in Q4 2024. Main streets led with a share of 57% while the remaining was contributed by malls. Department stores dominated with ~52% share, followed by the accessories and lifestyle (20%) and fashion (12%) segments. Limited mall supply led to a decline in mall vacancy rate to ~16%. Tight vacancy rates of 2-4% in superior-grade malls have also drove increased demand and reduced vacancies in good-grade malls. Main streets rentals witnessed a 7-10% growth on a y-o-y basis.
Ahmedabad Residential Report
Ahmedabad witnessed new supply of 4,474 residential units in Q4-24. Bopal (12%) and Sarkhej (11%) comprised 23% of the city’s supply in Q4. The mid-segment led with a 52% share, followed by the affordable segment (32% share), and the high-end and luxury segments (29% share). Capital values rose 4-12% y-o-y across all submarkets. Rental values rose across the city with the western submarket witnessing as much as a 20% increase in 2024.
Ahmedabad Industrial Report
Ahmedabad saw warehouse leasing of ~0.5 MSF in H2 2024, 85% higher than H1-24. Changodar and Kheda were the top two sub-markets with a 50% and 31% share, respectively. Engineering and manufacturing led with 37% share, followed by E-commerce (31%) and 3PL (17%) firms. Ahmedabad witnessed 0.2 MSF of industrial leasing. Sanand led with a 71% share, followed by the Changodar sub-market (26% share). Land values appreciated at an average of 20-25% y-o-y.
India Capital Market Report
Q2 2024 witnessed massive investment inflows amounting to INR 231.5 Bn (USD 2.77 Bn), marking a 1.5x q-o-q growth. The Logistics & Industrial (L&I) segment led with 56% share.
RELATED INSIGHTS
Insights • Workplace
In this guide we provide you with a comprehensive office fit out cost breakdown. Read on to find out more.
Dominic Brown • 05/03/2025
Insights • Investment / Capital Markets
Mumbai’s Office-SEZs get a new lease of life as leasing volume surge
Mumbai witnessed an unprecedented rise in leasing done in SEZ-designated (Special Economic Zone) buildings with 1.50 MSF of lease transactions recorded in these buildings in 2024.
06/02/2025
Research • Workplace
REWORKING the Office Asia Pacific
Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
Khurshed Gandhi • 03/11/2023