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Mumbai MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Learn more by clicking our most recent Mumbai MarketBeat reports on the various sectors below.


Office Buildings CBD
Mumbai Office Report

Mumbai saw gross leasing volume (GLV) of 4.78 MSF, a 75% increase compared to Q2 2023, driven by fresh leases, constituting 59% share. Professional services and engineering & manufacturing segment led with 21% and 16% share respectively. Suburban markets drove majority of Q2-24 leasing activity. Net absorption stood at 1.72 MSF, 2.3x increase from Q2 2023. H1-2024 net absorption was recorded at 4.18 MSF in line with annual activity witnessed in last two years. City level vacancy witnessed an uptick to 17.64% in Q2. City level rentals saw a marginal uptick in q-o-q basis.

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Shopping Retail
Mumbai Retail Report

Mumbai’s witnessed 132,900 SF of leasing in grade-A malls. Fashion segment dominated with 40% share. The F&B and FEC categories followed, with 18% and 17% shares. City-wide mall vacancy rate continued to witness a dip of 65 bps to 7.62%. Superior malls boast a vacancy rate of just 0.65%. About 1.2 MSF of supply is expected to be operational by end of 2024, while 0.45 MSF space is expected in 2025 from expansion of existing malls. Prominent main streets saw sustained leasing activity of 71,200 SF, driven by the fashion segment. City-wide mall rentals saw 2-3% q-o-q growth. Prominent main streets in prime locations also saw 1-3% rental appreciation over Q1 2024.

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Warehouse Internal Rack
Mumbai Residential Report

The Mumbai residential market saw 17,514 unit launches, driven by eastern and western suburban submarkets. Mid-segment properties, dominated with a 67% share. The high-end segment contributed 20% to the launches, a 40% growth compared to the average of past four quarters. Rental values exhibited a 5-6% growth over last quarter. Capital values increased by 3-6% across all submarkets driven by the city’s infrastructure progress.

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Warehouse Internal Rack
Mumbai Industrial Report

Mumbai’s warehouse sector witnessed strong growth of 60% in H2 2023 in comparison to H2 2022 with Bhiwandi submarket dominating 90% of total warehousing deals. More than 58% of H2 2023 deals were driven by 3PL. Rentals witnessed an upstick of 4-5% over H1 2023 on the back of strong leasing demand. With improving connectivity infrastructure and numerous projects in the pipeline ,JNPT-Uran corridor is likely to become a prominent manufacturing hub in the near-to-medium term.


Warehouse Internal Rack
India Investment Report

The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.



DC Report Card Image for website 750x456 Card Image
Insights • Investment / Capital Markets

Is India Building Enough to Power Its Digital Transformation?

It is estimated that India will be adding 464 MW of new Colo capacity each year until 2028. Despite this, India still needs to catch up with other comparable nations. We believe that accelerating this pace could unlock significant opportunities for India’s data centre and technology sectors.
India Office Market Report
Research • Workplace

India Office Market Report

Pan India leasing volumes remained strong in Q1 2024, crossing the 20 MSF mark for the third time in the post Covid period. A gross leasing of over 20 MSF for two consecutive quarters is a significant record for the office real estate market, suggesting that activity in India is moving on a higher plane. 
Five Fast City Facts Bengaluru Card

Five Fast City Facts Bengaluru Q1 2024

What You Need to Know in Today's Bengaluru Commercial Real Estate (CRE) Market.


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