Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.
Ahmedabad MarketBeat Reports
21/10/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEAT
Ahmedabad Office Report
Ahmedabad office market recorded gross leasing volume (GLV) of 0.43 MSF in Q3 2024, a 2X jump from Q2 2024, driven by BFSI and IT–BPM, holding 31% share each. SBD submarket was most active with a 40% leasing share, followed by the GIFT city at 39%. The city recorded new supply of 0.64 MSF with a vacancy rate of 28%. Quoted rentals remained stable q-o-q, due to new supply addition and over 20% vacancy in SBD and CBD submarkets.
Ahmedabad Retail Report
Ahmedabad saw main street leasing volume of 59,900 SF in In Q3 2024. Fashion segment dominated with ~57% share, followed by health and fitness (35%) and accessories & lifestyle (6%). Limited supply led to fall in mall vacancy rates to 16.4%. Superior grade malls recorded 19,606 SF of leasing, maintaining low vacancy rates of 2-3%. Main street rentals grew 10-12% y-o-y, while rentals in prominent streets like Sindhu Bhavan Road and Iskcon-Ambli Road grew by 10-30% y-o-y.
Ahmedabad Residential Report
Ahmedabad residential market witnessed new supply of 5,326 units, marking a 5% q-o-q growth in Q3-24. The launches were primarily driven by markets such as Bopal (41%) and Naranpura (20%). The mid-segment dominated with a 77% share, while high-end segment accounted for 17% of new launches. Capital values in the high-end segment grew by 4% q-o-q. Rental values rose by 2-5% in the high-end segment and by 2-8% in the mid segment on a quarterly basis.
Ahmedabad Industrial Report
Ahmedabad saw warehouse leasing volumes of ~0.27 MSF in H1 2024. Engineering and manufacturing led with 65% share. The Changodar submarket witnessed ~65% of total warehouse leasing activity followed by Kheda (~18% share). Two prominent automobile manufacturing plants in Sanand and Changodar accounted for ~86% of the total industrial leasing volume. Rental values in Changodar and Aslali submarkets witnessed 2-8% y-o-y growth. Land values increased by 15-30% y-o-y in the Changodar and Aslali submarkets.
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
India, the world’s fastest-growing economy, is set to reach USD 5 trillion by 2027, becoming the third largest globally. This growth will bring numerous opportunities, especially in consumption-driven sectors like retail.
19/09/2024
Insights • Workplace
In this guide we provide you with a comprehensive office fit out cost breakdown. Read on to find out more.
Dominic Brown • 19/03/2024
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