Ahmedabad MarketBeat Reports
Suvishesh Valsan • 01/10/2025
Cushman & Wakefield Ahmedabad 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 ~161,000 SF in Q2 2025. GIFT City comprised ~70% of Q2 leasing, followed by the SBD submarket (23% share). Leasing was led by engineering & manufacturing and IT-BPM firms, holding 24% share each. The city witnessed new office space addition of 0.8 MSF. A robust net absorption of 3 MSF in the last 12 months brought down the headline vacancy rate to 26%. Quoted rents in SBD and GIFT City sub-markets increased by 3-5% q-o-q.
Ahmedabad Retail Report
Ahmedabad recorded retail leasing volume of ~64,500 SF in Q3-25, up 60% q-o-q. Main streets accounted for 88% of leasing, driven by fashion (18%), footwear (16%) and F&B (15%) segments. Malls comprised the remaining 12% of retail leasing, with overall mall vacancy at 14.2%. Mall leasing activity witnessed a 12% uptick with superior (Grade A+) malls maintaining tight vacancy levels of 2-4%. Main street rentals grew by 3% q-o-q.
Ahmedabad Residential Report
Ahmedabad witnessed a new supply of 5,197 residential units in Q3-25. The West Peripheral submarket led with 62% share. The mid-segment dominated with 75% share, growing 9% q-o-q while the affordable segment recorded 3.5x y-o-y growth, concentrated in east and west peripheral submarkets. High-end and luxury segments accounted for 11%, targeting GIFT City workforce demand. Average capital values grew by 2% q-o-q, while rentals remained unchanged on a quarterly basis.
Ahmedabad Industrial Report
Ahmedabad saw warehouse leasing of 1.1 MSF in H1-25, 1.3 times higher than H1-24. Retail firms led with 38% share. Warehouse leasing was 28% more than the entire leasing volume of 2024. 0.5 MSF of industrial sheds were leased. E&M companies dominated with 75% share.
India Capital Market Report
Cushman & Wakefield India Capital MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CONTACT
RELATED INSIGHTS
Research
Premiumisation of India's Retail Sector: Upscaling, Upgrading and Evolving
A young population and its growing wealth are catalysts for India’s retail sector to transition towards Premiumisation.
Suvishesh Valsan • 15/04/2025
Insights
Kolkata – Emergence of a Major Warehousing and Logistics Destination
Kolkata’s emergence as a major national warehousing and warehousing destination over the past few years highlights a significant shift in the city’s and region’s real estate sector and puts it on a firm pedestal for future growth.
06/02/2025
Insights • Investment / Capital Markets
Mumbai’s Office-SEZs get a new lease of life as leasing volume surge
Mumbai witnessed an unprecedented rise in leasing done in SEZ-designated (Special Economic Zone) buildings with 1.50 MSF of lease transactions recorded in these buildings in 2024.
06/02/2025