Learn more by clicking our most recent Bengaluru MarketBeat reports on the various sectors below.
Bengaluru MarketBeat Reports
03/11/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS
Bengaluru Office Report
In Q3-23, Bengaluru saw a 27% decline q-o-q in the gross leasing volume. Large transactions accounted for ~50% of the quarterly GLV, a reversal in the trend. The Outer Ring Road submarket drove half of the market share. City-wide vacancy increased due to the highest quarterly supply, while office rentals remained unchanged.
Bengaluru Retail Report
Bengaluru mall leasing slowed down in Q3, 2023 as compared to the previous quarter. Main streets accounted for ~ 60% of the total quarterly leasing volumes. Fashion retailers dominated leasing with nearly 53% of the share across malls and main streets. Overall, the mall vacancy rate remained unchanged at 13.3% due to no supply addition. City-wide mall rentals were stable, while prominent main street rentals moved higher.
Bengaluru Residential Report
Bengaluru's residential sector recorded an expansion of 40% in Q3, 2023, compared to the same period last year. YTD-23 launches saw a decline of 2% y-o-y. The high-end and luxury segment cumulatively accounted for nearly half of the total launches during the quarter, higher than the 46% share seen in the second quarter. City-wide rentals rose by 8-10% on a quarterly basis.
Bengaluru Industrial Report
Bengaluru's warehousing sector witnessed a substantial surge in demand, recording 1.8-1.9 msf of leasing in H1-2023, a remarkable 3X increase from H2 2022, with 3PL & Logistics firms dominating half of the demand. In the industrial segment, the northwest prime corridor, particularly Nelamangala and Dabaspet, saw the highest traction, accounting for 42-45% of leasing volume in H1 2023. Fashion and apparel manufacturers led the industrial space take-ups during this period.
India Investment Report
The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.
RELATED INSIGHTS
Research
Main Streets Across the World 2023
In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Dominic Brown • 21/11/2023
Research
Kerala's Cities Emerge as Real Estate Sector’s Top Picks
Cushman and Wakefield India Research recently released a research publication, India's Next 10 Emerging Markets, which identified the top 10 tier-II cities of India from a broader list of 17 cities having the highest growth potential in the commercial real estate sector.
03/11/2023
Research
India's Next 10 Emerging Markets
Engines for future growth for Commercial Real Estate
06/10/2023