Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.
Ahmedabad MarketBeat Reports
21/10/2024
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 MARKETBEAT
Ahmedabad Office Report
Ahmedabad office market recorded gross leasing volume (GLV) of 0.43 MSF in Q3 2024, a 2X jump from Q2 2024, driven by BFSI and IT–BPM, holding 31% share each. SBD submarket was most active with a 40% leasing share, followed by the GIFT city at 39%. The city recorded new supply of 0.64 MSF with a vacancy rate of 28%. Quoted rentals remained stable q-o-q, due to new supply addition and over 20% vacancy in SBD and CBD submarkets.
Ahmedabad Retail Report
Ahmedabad saw main street leasing volume of 59,900 SF in In Q3 2024. Fashion segment dominated with ~57% share, followed by health and fitness (35%) and accessories & lifestyle (6%). Limited supply led to fall in mall vacancy rates to 16.4%. Superior grade malls recorded 19,606 SF of leasing, maintaining low vacancy rates of 2-3%. Main street rentals grew 10-12% y-o-y, while rentals in prominent streets like Sindhu Bhavan Road and Iskcon-Ambli Road grew by 10-30% y-o-y.
Ahmedabad Residential Report
Ahmedabad residential market witnessed new supply of 5,326 units, marking a 5% q-o-q growth in Q3-24. The launches were primarily driven by markets such as Bopal (41%) and Naranpura (20%). The mid-segment dominated with a 77% share, while high-end segment accounted for 17% of new launches. Capital values in the high-end segment grew by 4% q-o-q. Rental values rose by 2-5% in the high-end segment and by 2-8% in the mid segment on a quarterly basis.
Ahmedabad Industrial Report
Ahmedabad saw warehouse leasing volumes of ~0.27 MSF in H1 2024. Engineering and manufacturing led with 65% share. The Changodar submarket witnessed ~65% of total warehouse leasing activity followed by Kheda (~18% share). Two prominent automobile manufacturing plants in Sanand and Changodar accounted for ~86% of the total industrial leasing volume. Rental values in Changodar and Aslali submarkets witnessed 2-8% y-o-y growth. Land values increased by 15-30% y-o-y in the Changodar and Aslali submarkets.
RELATED INSIGHTS
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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
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Cushman & Wakefield retail team successfully transacted 13,000 SF flagship store for Citroen. In addition to be their first showroom in Mumbai, it also is their largest in India.
Anoop Vasudeo • 16/06/2021