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Bengaluru MarketBeat Reports

10/02/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Leasing activity in Q4 2022 continues to remain strong in Bengaluru. In this quarter, GLV of 5.3 msf and net absorption of 10.4 records a new benchmark for the city. IT BPM accounted for 31% share in GLV, followed by flexible workspaces with 16% and engineering & manufacturing with 13% share. Download the recent Bengaluru MarketBeat reports below.

Residential: In Q4 2022, Bengaluru recorded a 5-year high supply in its residential market. It witnessed a launch of 9,300 units, marking a 58% growth over Q3 2022. Mid-segment projects led quarterly launches, backed by steady demand, there is also a rising demand for high-end & luxury projects. Download the recent Bengaluru MarketBeat reports below.

RetailQ4 2022 saw a strong leasing momentum in Bengaluru’s retail sector, approximately 1.0 msf was leased across prominent malls and main streets in Bengaluru. Opening of a large Grade A mall has driven leasing across the mall segment accounting for 65-70% of the space leased during this quarter. Larger anchor brands across fashion, hypermarket, cinema, and family entertainment contributed to high leasing volume in the new mall.

Industrial: In H2 2022, around 1-1.10 msf of warehouse space was leased in Bengaluru. Demand for quality warehouse space has been gaining traction in the Post-COVID period, largely driven by 3PL and logistics firms and anchor retailers. Industrial leasing remained strong with 0.9-1.0 msf of deals getting signed in H2 2022.

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

CURRENT MARKETBEATS

Office Buildings CBD
Bengaluru Office Report

As estimated earlier, 2022 has witnessed a 1.5X growth over 2021 and approximately 11% compared to 2019. Due to vacancy tightening and healthy leasing office rentals remained unchanged during this quarter. During the last quarter of 2022, Bengaluru also witnessed healthy project completion of 2.5 msf.

Click here to download the report

Shopping Retail
Bengaluru Retail Report

In Q4 2022, quoted rentals in Bengaluru’s malls largely remained unchanged. Overall rentals across prominent main streets in the city recorded an average of 2-3% q-o-q rental growth. Due to the lack of quality space in active main streets, rentals are likely to see an upward trend in the coming quarters.

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Warehouse Internal Rack
Bengaluru Residential Report

The festive season boosted demand for property purchases, while ready-to-move-in projects remain in focus. Low availability and a steady decline in unsold inventory in Bengaluru are expected to keep the launch momentum steady in the coming quarters.

Click here to download the report

Warehouse Internal Rack
Bengaluru Industrial Report

Demand for quality warehouse space has been gaining traction in the Post-COVID period, largely driven by 3PL and logistics firms and anchor retailers.

CLICK HERE TO DOWNLOAD THE REPORT

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).

CLICK HERE TO DOWNLOAD THE REPORT

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