Learn more by clicking our most recent Hyderabad MarketBeat reports on the various sectors below.
Hyderabad MarketBeat Reports
03/07/2024
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
Hyderabad Office Report
Gross leasing volume (GLV) in Hyderabad stood at 2.5 MSF. H1 2024 GLV reached 5.0 MSF, a 40% increase compared to Q2 2023. Mid-sized office spaces (25,000-99,999 sq ft) comprised 48% of deals, compared to 26% in H1 2023. IT-BPM sector led with 36% share followed by BFSI sector (29% share) and flexible workspaces (17% share). Influx of ~ 2.7 MSF of new supply was witnessed during the quarter. Rental rates in Madhapur submarket surged due to rental increase in premium development, while Gachibowli remained stable on a q-o-q basis.
Hyderabad Retail Report
Hyderabad's retail sector saw 0.63 MSF of leasing activity, a 29% q-o-q growth. Main streets dominated with leasing activity of 0.55 MSF. 88% of the tenant mix entailed domestic brands. F&B took the lead, capturing a 33% share followed closely by fashion comprising a 30% share. Grade-A mall vacancy rate currently sits at a healthy 4.4%. While mall rentals remained stable, city-wide average rentals on main streets have witnessed a 14% y-o-y increase.
Hyderabad Residential Report
Hyderabad's residential market saw 10,257 unit launches. The western corridor dominated with a 70% share. High-end units led supply with a 41% share. The luxury segment followed, capturing 27% of the launches, primarily concentrated in the western submarket. The mid-segment held a 20% share. Demand suggests a strong preference for spacious living, with 3 BHK units capturing a substantial 68% share of the market. Rental values saw a 2-3% y-o-y increase. Property prices remain largely stable.
Hyderabad Industrial Report
Hyderabad's warehousing sector saw 1.44 MSF of leasing activity in H1 2024. Large-sized deals led with 59% share, followed by mid-sized deals (26% share). Retail, third-party logistics firms, e-commerce and manufacturing collectively comprised 90% of market share. Medchal and Shamshabad accounted for 93% of the warehouse leasing volume. Industrial space leasing witnessed an uptick, reaching 0.16 MSF. Hyderabad witnessed 5-7% y-o-y rental growth. Land prices, across all sub-markets, saw 10-12% y-o-y increase. Rental rates for industrial spaces remained stable during H1 2024.
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
India, the world’s fastest-growing economy, is set to reach USD 5 trillion by 2027, becoming the third largest globally. This growth will bring numerous opportunities, especially in consumption-driven sectors like retail.
19/09/2024
Research • Workplace
From Flex to Managed: Evolution of the Flex Space Industry
The evolution of the flex segment in India’s office market has been a story of rapid transformation. The flex space operator footprint surged by 23% in 2022 and 18% in 2023, marking the sharpest rise seen in history! With H1-24 already adding about 5 MSF to the total inventory, 2024 continues to maintain this momentum.
03/09/2024
Research • Workplace
REWORKING the Office Asia Pacific
Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
Khurshed Gandhi • 03/11/2023