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Ahmedabad MarketBeat Reports

03/07/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.

CURRENT MARKETBEAT

Office Buildings CBD
Ahmedabad Office Report

Ahmedabad recorded gross leasing volume (GLV) of 0.25 MSF in Q2 2024, a 2.5X jump from Q1 2024, driven by professional services (~61% share), engineering & manufacturing (~18% share) and flexible workspace segment (~16% share). SBD submarket recorded a quarterly demand share of ~89%, followed by the CBD market (~11% share). The city anticipates ~2.36 MSF of new office space by year-end. A robust supply of ~ 6.90 MSF is scheduled between Q3 2024 and the end of 2026. City-wide quoted rents remained stable q-o-q.

Click here to download the report

Shopping Retail
Ahmedabad Retail Report

In Q2 2024, Ahmedabad saw main street leasing volume of ~60,500 SF. Fashion segment dominated with ~33% share, followed by F&B (~18% share) and accessories & lifestyle (~16% share). Malls recorded ~10,000 SF of leasing activity. Superior grade malls across the city continue to record tighter vacancies in the range of 3.5-4.5%. Main street rentals have largely remained stable q-o-q but witnessed 10-15% growth y-o-y, while prominent streets witnessed 10-30% y-o-y rental appreciation.

Click here to download the report

Warehouse Internal Rack
Ahmedabad Residential Report

Ahmedabad residential market saw strong quarterly launches, dominated by mid-segment holding 52% share. High-end and luxury segments collectively captured 43%, witnessing 27% q-o-q growth. West & West Peripheral submarkets entailed nearly half of the new launches while the Northern market captured nearly 30% share. Average quoted rentals across northern and western submarkets saw 2-5% q-o-q growth. Capital values increased 3-5% q-o-q.

CLICK HERE TO DOWNLOAD THE REPORT

Warehouse Internal Rack
Ahmedabad Industrial Report

Warehouse leasing volume recorded 40% growth over H2 2022 but a 20% drop compared to H1 2023. The annual warehouse leasing was driven by the Engineering & Manufacturing segment (53%). Leasing activity was driven by a prominent packaging material manufacturing company contributing to a 75% growth on a yearly basis. The 10th Vibrant Gujarat Global Summit is likely to boost momentum in the industrial corridors by attracting global players to invest across sectors. Rental values across all submarkets have witnessed an average of 3-7% rise while land values have appreciated 25-45% y-o-y growth in the Changodar and Aslali.

CLICK HERE TO DOWNLOAD THE REPORT

Warehouse Internal Rack
India Investment Report

The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.

CLICK HERE TO DOWNLOAD THE REPORT

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