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 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 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.
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