Learn more by clicking our most recent Pune MarketBeat reports on the various sectors below.
Pune MarketBeat Reports
18/01/2024
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
Pune Office Report
Pune experienced a sharp rise in both gross and net leasing activity in Q4 2023, driven by fresh leasing. SBD East was the most active submarket. The city recorded the highest supply in the last six quarters, causing a marginal increase in vacancy. However, rentals saw a yearly uptick.
Pune Retail Report
Pune's grade-A malls witnessed close to 0.22 msf of leasing this quarter, ~85% higher than last quarter and ~3x growth y-o-y. The Pune market has seen a significant boost in luxury brand presence with the opening of a new mall in Koregaon Park. Despite the infusion of substantial new supply, mall vacancies have decreased to 6.11%, hinting at a robust demand for quality retail space. Main Street leasing has dropped y-o-y but is expected to rise with new developments, while mall and Main Street rentals have shown an annual increase.
Pune Residential Report
Pune experienced a 26% q-o-q drop with 9,549 units launched in Q4 and a 14% annual dip in 2023, attributed to the previous year's high number of launches. The mid-segment drove the quarterly supply, while the high-end and luxury segments saw a significant 115% increase in launches over the year. Infrastructure developments along the NH-4 Bypass spurred launches in the region, with capital values for the mid and luxury segments rising by 7% and 9% year-over-year, respectively, due to improved connectivity and major upcoming commercial projects.
Pune Industrial Report
Pune’s warehouse lease transactions witnessed a 41% rise on a y-o-y basis but a 49% decline compared to the high base of H1 2023. In H2, Chakan submarket dominated 61.5% of lease share. A 55% jump from last year was observed due to high demand witnessed across 3PL and Engineering & Manufacturing companies. Industrial Leasing was on a rise of 47% on a y-o-y basis and 66% growth as compared to H1 2023, largely driven by Engineering & Manufacturing (51.2%). City-wide industrial rentals increased by 9-14% largely driven by Chakan and Talegaon submarkets.
RELATED INSIGHTS
Insights • Workplace
In this guide we provide you with a comprehensive office fit out cost breakdown. Read on to find out more.
Dominic Brown • 19/03/2024
Research
Main Streets Across the World 2023
In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Dominic Brown • 21/11/2023