Learn more by clicking our most recent Bengaluru MarketBeat reports on the various sectors below.
Bengaluru 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.
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CURRENT MARKETBEATS
Bengaluru Office Report
Bengaluru office market recorded gross leasing volume (GLV) of 6.7 MSF while net absorption stood at ~4 MSF in Q4-24. Top 3 sectors entailed engineering & manufacturing (47%), IT-BPM (25%) and flex (19%). GCCs led with 45% of Q4 GLV. Outer Ring Road submarket comprised ~33% share, followed by Peripheral East (30%) and Suburban East (25%). Bengaluru experienced a second consecutive year of record high supply at 3.6 MSF. Office rentals remained stable.
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 1.8 MSF of warehouse leasing in H2-24, with the full year ending at a record high of ~5 MSF. Eastern corridor dominated with 39% share followed by the western corridor (35% share). 3PL operators contributed over 50%, followed by retail (25%) and manufacturing (18%). The city recorded supply addition of ~2 MSF. Industrial leasing stood at just over 0.2 MSF for H2 with annual leasing at 0.8 MSF. North Bengaluru contributed 41% of annual leasing. Headline industrial rentals increased 3-4% 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