Learn more by clicking our most recent Mumbai MarketBeat reports on the various sectors below.
Mumbai MarketBeat Reports
15/01/2025
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
Mumbai Office Report
Mumbai office market saw gross leasing volume (GLV) of 4.61 SF, a 4% q-o-q growth, attributed to a 19% rise in fresh leasing. The city achieved a record high net absorption of 10.93 MSF in 2024, a 3X growth compared to 2023 while the net absorption for Q4 stood at 4.11 MSF, a 55% q-o-q increase. BFSI led with 43% share, followed by flexible workspace and IT-BPM, 17% and 9% share respectively. Q4 saw project completions of 3.7 MSF, surpassing the previous peak of Q2-24 by 40%. City-wide vacancy declined to 15%, while rentals increased by ~2.0-2.1% q-o-q.
Mumbai Retail Report
Mumbai malls saw leasing volumes of 0.19 MSF in Q4-24, an 18% q-o-q growth. Suburban malls in the western and eastern part of the city accounted for above 63% of the share. Fashion segment led with 29% share, followed by furniture & furnishing sector (23%). Domestic brands comprised over 60% of the leasing activity. Main street leasing surged 4X compared to Q3-24, led by the fashion segment (40%), and followed by the accessories & lifestyle, CDIT, and F&B sectors, accounting for a 12% share each. Prominent main street rentals appreciated 6-7% while city-wide mall rentals grew 1-5%.
Mumbai Residential Report
Mumbai residential market recorded 17,663 unit launches in Q4-24, a 6% y-o-y increase. Eastern corridor led with 55% share. Mid segment dominated new launches, comprising 72% share followed by the high-end segment (25%). Among mid-segment launches, extended eastern suburbs was most preferred with a 25% share, followed by extended western suburbs (16%) and Thane (13%). Capital values rose significantly by 29% y-o-y, while rentals remained steady.
Mumbai Industrial Report
Mumbai’s warehousing sector saw leasing activity of ~2.87 MSF in H1 2024. Bhiwandi submarket dominated with 98% share. 3PL led with more than 65% of deals, followed by retail (17% share). Large scale deals in Bhiwandi submarket comprised ~ 46% of deals. Industrial sector saw leasing activity of 0.13 MSF. Warehousing rentals in JNPT road, Panvel and Khopoli witnessed steady growth. The land value in Panvel, Taloja and Uran submarkets saw stellar annual growth driven by infrastructure upgrades. Land values in Thane Belapur Road continued to witness an uptrend.
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
Article
Aditya Birla Fashion and Retail Limited Chennai
Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Article
Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
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