Office: Strong leasing demand in Q4 2022 was driven by flexible workspaces, which contributed to a 47% share in annual leasing followed by IT BPM and engineering & manufacturing contributing to 11% each. This quarter witnessed a gross leasing volume (GLV) of 0.21 msf, leading to a remarkable 80% y-o-y growth. Download the recent Ahmedabad MarketBeat reports below.
Residential: In Q4 2022, the residential market in Ahmedabad witnessed a launch of 4,750 units, bringing a 17% rise on a q-o-q basis and a 37% growth as compared to the same period in 2021. The annual launches were mainly driven by the mid and affordable segments with a share of 49% and 40% respectively. Download the recent Ahmedabad MarketBeat reports below.
Retail: In Q4 2022, Ahmedabad witnessed a healthy leasing activity in the form of retailer churn. Leasing in superior malls is driven mainly by fashion and accessory stores, overall vacancy in the city stood at 22.5%, in Q4, however, superior malls recorded a lower vacancy of approximately 11%. Main streets saw good leasing activity in the last quarter, keeping up with the momentum of the previous quarters.
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