Ahmedabad MarketBeat Reports

Ahmedabad recorded strong office leasing of nearly 0.5 MSF in Q2 2026, reflecting robust occupier demand and taking H1 leasing to 0.8 MSF. Flexible workspace operators led activity, followed by IT-BPM and professional services firms. SBD and PBD emerged as the most active office submarkets, supported by strong interest in Grade A office spaces. Net absorption remained healthy, highlighting continued demand for quality office spaces. New office supply of 1.3 MSF was recorded in Q2, while citywide rentals continued to rise, reinforcing Ahmedabad’s position as an emerging office market with growing occupier’s confidence.

Ahmedabad recorded strong retail leasing of 0.11 MSF in Q2 2026, up 31% q-o-q and 2.6x y-o-y. Main streets dominated activity with a 98% share, led by strong demand across key corridors such as Vaishnodevi, Tragad and Sindhu Bhavan Road. Domestic brands continued to anchor leasing with a 97% share, while fashion led demand, followed by entertainment and F&B. With no new mall supply, overall vacancies remained stable, while Grade A malls continued to operate at low vacancy levels.

Ahmedabad recorded 6,143 residential launches in Q2 2026, reflecting strong ~19% annual growth. Launch activity remained healthy, exceeding the three year quarterly average by 25%, taking H1 2026 supply to ~12,800 units. West and West Peripheral submarkets led with a 40% share, followed by North Peripheral locations with 18% share. The mid segment dominated launches, while affordable housing gained traction and high end and luxury segments saw robust annual growth. Capital values rose 12% annually, though moderated q o q due to increased contribution from affordable segment. Rentals increased steadily, led by key corridors such as SG Highway and SP Ring Road, supported by proximity to major employment hubs and improving connectivity.

Ahmedabad’s warehousing and industrial market delivered strong performance in H2 2025. Warehouse leasing reached ~0.4 MSF, contributing to a robust 1.5 MSF annual total, led by retail and 3PL demand. Changodar continued as the top-performing hub. Industrial leasing surged to ~1.0 MSF in H2, driven by strong E&M expansion, with Bavla emerging as the standout submarket. Rentals and land values recorded healthy annual growth, reflecting upbeat market sentiment.

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.