Office: Office leasing in Q4 2022 was recorded at 1.15 msf in Hyderabad. Professional services were the largest contributor with a 35% share, followed by IT BPM, engineering & manufacturing, and healthcare & pharma at 29% and 20%. Hyderabad witnessed 13.1 msf of new completions in 2022 overall, which is a record high for the city. Download the recent Hyderabad MarketBeat reports below.
Residential: In Q4 2022, Hyderabad’s residential sector witnessed a robust increase in launches. 9,000+ units were launched in this quarter, adding up to a total of 50,000 units in 2022 – a 7% increase over 2021. The western corridor remained dominant in this quarter, with an 85% share. The luxury segment was the highest contributor with approximately 44% in quarterly launches, followed by the mid-segment with a 33% share. Download the recent Hyderabad MarketBeat reports below.
Retail: In Q4 2022, Hyderabad’s retail sector recorded 400,000 sf of leasing across malls and main streets, which were at par with leasing volumes of the previous quarter and a growth of 81% on an annual basis. A growth of 26% q-o-q was driven by more than 90 deals that were closed in this quarter. More than 60% of leasing activity was contributed by fashion & apparel followed by F&B brands with a 14% share.
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