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.
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 • 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
Insights
Kolkata – Emergence of a Major Warehousing and Logistics Destination
Kolkata’s emergence as a major national warehousing and warehousing destination over the past few years highlights a significant shift in the city’s and region’s real estate sector and puts it on a firm pedestal for future growth.
06/02/2025
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