Learn more by clicking our most recent Ahmedabad MarketBeat report on the various sectors below.
Ahmedabad MarketBeat Reports
06/04/2023
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
In Q2 2023, Ahmedabad experienced strong leasing volume, driven by demand for flexible workspaces, with a significant increase compared to the previous quarter. The city's flex space operators are forming early-stage partnerships with developers to leverage larger floor space areas. GIFT City is attracting new players from various sectors, and the completion of Phase II metro will enhance connectivity and commercial activity in the area. City-wide rents remain stable with a moderate growth on a yearly basis.
Ahmedabad Retail Report
Ahmedabad's main street leasing remained strong in Q2 2023, with approximately 85,000 sq ft of activity driven by Fashion and F&B segments. However, the city recorded nominal mall leasing activity across these segments. Rents in both main streets and superior malls recorded growth, with main street rents rising 4-5% q-o-q and 9-10% y-o-y, while superior malls saw a ~10% annual increase.
Ahmedabad Residential Report
Ahmedabad's residential market saw healthy quarterly growth with 6,194 units launched in Q2 2023. The mid-segment remained dominant accounting for 55% of launches. The Northern corridor, including North, Peripheral North, and GIFT city, dominated with nearly 50% of the launches. Capital values grew, rentals remained stable, and future residential property prices may be impacted by proposed development charge increases.
Ahmedabad Industrial Report
In H1-2023, Ahmedabad's warehouse leasing volumes reached ~ 0.35 msf, on par with the previous period. The leasing activity was primarily driven by the electrical equipment manufacturing sector, which accounted for over 42% of the volumes. Rental and land values rose in select submarkets. On the other hand, the industrial segment did not witness significant leasing momentum in the first half of the year but is likely to pace up in the upcoming period.
India Investment Report
The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.
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