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 7,380 residential launches in Q3 2026, reflecting strong growth and sustaining developer confidence. West Peripheral and East led supply, driven by Shela, South Bopal, Naroda and Nikol. Affordable housing dominated launches, while high-end and luxury segments saw strong growth.

Ahmedabad’s warehousing and industrial market recorded healthy performance in H1 2026. Warehouse leasing reached 1.8 MSF, led by consumer durables, e-commerce and 3PL occupiers. Kheda emerged as the most active warehousing hub, followed by Changodar and Sanand.

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.