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Ahmedabad MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: The third quarter saw a y-o-y increase of 39% with 0.23 msf in gross leasing volume (GLV). Leasing activity in Q3 was dominated by the Engineering and manufacturing sector with a share of 32%, followed by the flexible workspace sector with 23.2% share. A total of 0.92 msf was completed in Q3 2022, along with a total office inventory of 22.65 msf and a vacancy level recorded at 30.34%.

Residential: In the third quarter of 2022, Ahmedabad’s residential market saw a marginal y-o-y rise of 0.9%, with a launch of 3,646 residential units. New launches in this quarter were dominated by the mid-segment with a 47% share followed by the affordable segment with a 40 % share. Q3 also saw the rise of the high-end and luxury segment in Q3 2022 from the previous quarter. 

RetailIn Q3 2022, malls in Ahmedabad saw healthy leasing activity, mostly because of churn in premium malls, whereas average and good malls witnessed fresh leasing activity. Fashion and accessory store leasing in good and average malls surpassed superior malls’ leasing activity by approximately 65%, while superior malls’ leasing activity was driven by fashion and F&B on the back of high footfalls and rising demands. 

Learn more by clicking our most recent Ahmedabad MarketBeat reports below.


Office Buildings CBD
Ahmedabad Office Report

A strong supply lined up for the upcoming quarters is expected to keep the rental range bound in Ahmedabad in the foreseeable future. Superior Grade A developments in prime office locations are allowing landlords to demand a relatively high income.

Click here to download the report

Shopping Retail
Ahmedabad Retail Report

Superior malls quoted the same rentals this quarter, which saw a marginally rise in the past due to high occupancy rates. Improving footfalls and sales volume is expected to provide an incentive to leasing activity, leading to improved rental in the near future.

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Warehouse Internal Rack
Ahmedabad Residential Report

The overall quoted price of residential units has seen a rise of 3-4% q-o-q – this has been attributed to some developers rising the price to pass on the input cost inflation to the buyers. The prices are expected to remain range bound as developers incite buyers with incentives to boost sales in the festive season.

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Warehouse Internal Rack
India Investment Report

The third quarter recorded private equity investment inflows of INR 131.2 bn (USD 2.27 bn), a near 1.3x growth in investment receipts as compared to the previous quarter and same period last year (Q3-21).


Warehouse Internal Rack
Ahmedabad Industrial Report

The first half witnessed an improved industrial & warehouse leasing in the city of Ahmedabad, a 19% growth from H2 2021 was recorded. 3PL and manufacturing were driving this growth. With a rise of approximately 15% compared to last year’s, the coming half is showing promises of yielding more leasing activity and higher demand.



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