Ahmedabad MarketBeat Reports
Suvishesh Valsan • 06/01/2026
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 recorded gross leasing volume (GLV) of ~220,000 SF in Q3-25, up 37% q-o-q. SBD submarket led with 69% share, followed by CBD (18%) and GIFT City (13%). BFSI firms dominated leasing with 43% share, followed by professional services (24%) and IT-BPM (20%). Net absorption stood at 0.21 MSF, up 3.3x q-o-q. The city added 0.58 MSF of new office supply with SBD contributing 72%. Vacancy stood at 27.7% while city-wide rentals increased 9-10% y-o-y.
Ahmedabad Retail Report
Ahmedabad recorded retail leasing of ~62,400 SF in Q4-25, driven entirely by main streets. Sindhu Bhavan Road led with 22% share, followed by Nikol at 14%. Fashion dominated leasing with 43% share, while F&B and CDIT contributed 17% and 13%, respectively, highlighting strong demand for lifestyle formats. Overall mall vacancy tightened to 13.3% following a reduction in mall stock, while Grade A spaces continued to maintain extremely low vacancy at 2–3%, reflecting limited supply and sustained demand. Main street rentals grew 1–2% q-o-q and 5–8% y-o-y, with C.G. Road and SG Highway posting 8% annual appreciation. Robust leasing activity and rising rentals underscore healthy market fundamentals and sustained interest in prime retail corridors.
Ahmedabad Residential Report
Ahmedabad recorded ~5,187 residential launches in Q4-25, taking the annual supply to ~20,700 units, a 7% rise over last year. East Peripheral led the quarterly launches with 32% share, followed by North (25%) and West Peripheral (24%), with Hanspura and Kathwada emerging as key hotspots. High-end and luxury segments doubled in momentum to 22%, while affordable housing contributed 40%, driven by strong activity in peripheral submarkets. Rentals grew 2% q-o-q and 6% y-o-y, led by North and East submarkets, while capital values remained stable with a slight uptick.
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.
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