Learn more by clicking our most recent Bengaluru MarketBeat reports on the various sectors below.
Bengaluru MarketBeat Reports
27/12/2024
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 MARKETBEATS
Bengaluru Office Report
Bengaluru office market recorded gross leasing volume (GLV) of 6.9 MSF in Q3-24, a 24% q-o-q growth. Net absorption stood at 4 MSF, marking a 60% q-o-q growth. IT-BPM dominated with 45% share followed by flex space operators (12% share). Outer Ring Road comprised 50% of GLV, followed by Peripheral North (19%) and Peripheral East (13%). New supply of 5 MSF in Q3, marking ~2X q-o-q growth, was led by Peripheral North (35%) followed by ORR (24%).
Bengaluru Retail Report
Bengaluru saw retail leasing volumes of ~0.44 MSF in Q4-24, a 2X jump from last quarter. Malls led with 82% share, a sharp jump from 44% in Q3-24. Main streets leasing stood at 18%, led by the entertainment category (34%) and the fashion segment (28%). City-wide mall vacancy rose to 12.5% q-o-q, however, superior malls maintained tight vacancies of 3-4%. While mall rentals remained stable, main streets witnessed a 2-3% growth q-o-q.
Bengaluru Residential Report
In Q4-24, Bengaluru residential market recorded ~10,500 unit launches, marking a 17% q-o-q growth. North and East led with 37% and 31% share respectively while south and south-eastern micro markets comprised 26% share. High-end and luxury segments comprised ~50% of Q4 launches while mid-segment accounted for the other half. Capital values rose 8-9% y-o-y across East and North micro markets, while rentals grew by 2-3% on a quarterly basis across IT corridors.
Bengaluru Industrial Report
Bengaluru saw 2.7 MSF of warehouse leasing volumes, a 36% growth from H1 2023. Eastern corridor dominated with 41% share followed by west Bengaluru (~39% share). 3PL and manufacturing firms comprised 36% and 28% shares respectively. Industrial leasing volumes reached over 0.6 MSF, a near 2.5x jump from H1 2023. Warehouse rentals increased 8-10% y-o-y at Nelamangala and Hoskote. Industrial rentals increased 6-8% y-o-y at Doddaballapur and Hoskote.
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
Article
Aditya Birla Fashion and Retail Limited Chennai
Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Article
Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
Podcast
Podcast: Logistics & Industrial in India
With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020