Learn more by clicking our most recent Kolkata MarketBeat reports on the various sectors below.
Kolkata 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
Kolkata Office Report
Kolkata recorded gross leasing volume (GLV) of 0.28 MSF while net absorption stood at 0.21 MSF in Q4-24. GLV was only driven by fresh leasing with flex operators contributing 39%, followed by IT-BPM (25%). Salt Lake Sector V micro market contributed ~57% of Q4 GLV, followed by Rajarhat (33%). Vacancy rates declined to ~19% due to strong demand while city-wide rentals witnessed a marginal appreciation on a q-o-q basis.
Kolkata Retail Report
Kolkata recorded retail leasing volumes of ~57,000 SF in Q4, a 6% q-o-q growth. Main streets accounted for ~96% of quarterly leasing volumes. Fashion dominated with 53% share, followed by furniture & home furnishing (~18%) and CDIT (12%). City-wide headline mall vacancy remained unchanged at 6.8% in the quarter. Rentals for malls and main streets remained unchanged while rentals for suburban and peripheral locations grew 2-3% q-o-q.
Kolkata Residential Report
Kolkata residential market saw 4,050-unit launches in Q4-24, a 23% growth over last quarter. The peripheral submarkets led with 39% share, followed by the north-east submarket (33%) and south Kolkata (17%). Mid-segment dominated with 58% share followed by high-end and luxury launches (24%) and the affordable segment (18%). Capital values increased 8-9% q-o-q in the northeast. Rentals grew 2-3% q-o-q across northeast and southeast.
Kolkata Industrial Report
Kolkata saw ~ 2.7 MSF of warehouse leasing volume, a 69% from H1-24. 3PL operators contributed 33%, followed by manufacturing (26%). Kolkata recorded new completions of 2.5 MSF in H2 with projects being expedited to meet strong demand. City-wide warehouse rentals grew 4-5% y-o-y while land rates increased by 5-7% y-o-y. Kolkata recorded industrial transactions of 0.2 MSF. City-wide industrial rents also increased 4-5% y-o-y with land rates appreciating 5-7% 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