Bengaluru MarketBeat Reports

Bengaluru recorded gross leasing volume (GLV) of ~4.5 MSF in Q3-25 with net absorption at 3.5 MSF. GCCs led leasing with a 45% share. Sector wise, engineering and manufacturing dominated with 32% share, followed by IT-BPM (17%) and BFSI (12%). The Outer Ring Road submarket comprised 40% share, with Suburban East and Peripheral East at 26% and 16%, respectively. 3.6 MSF of new supply was witnessed while the vacancy rate stood at 9.2%. Rentals remained stable q-o-q.

Bengaluru recorded retail leasing volumes of ~0.22 MSF in Q4-25, up by 23% q-o-q, reflecting strong market momentum. Malls led with 62% share, supported by Grade A spaces in Phoenix Mall of Asia, Mantri Square, Nexus Whitefield and Forum Falcon City, which together contributed ~0.13 MSF across segments like fashion, F&B and accessories & lifestyle. Main streets accounted for 38%, with Sarjapur Road, Church Street and Whitefield driving activity. F&B led with 30% share, followed by fashion (26%) and accessories & lifestyle (20%). For the full year, leasing reached 0.76 MSF, the highest ever, with malls and main streets contributing 57% and 43%, respectively. Mall vacancy tightened further, while main street rentals rose 1–2% q-o-q, underscoring robust demand.

Bengaluru recorded 12,149 residential unit launches in Q4-25, maintaining strong quarterly momentum and reflecting healthy market conditions. The East submarket led with 45% share, driven by Whitefield and Hoskote, followed by South and South-East with 39%, and North with 16%. High-end and luxury segments dominated with 53% share, slightly ahead of the mid-segment at 47%. For the full year, launches reached 49,252 units, the highest ever, with premium segments growing 60% y-o-y. Capital values appreciated 1–2% q-o-q and 5–6% annually, led by East, South-East and North submarkets, while rentals remained stable with marginal growth in prime corridors.

Bengaluru saw 1.7 MSF of warehouse leasing in H1-25, dominated by the western corridor, comprising 50% share. E-commerce firms led with 46% share. The city recorded 2 MSF of warehouse supply addition with land prices rising 9-10% y-o-y. 1.6 MSF of industrial leasing was recorded – a 2.5X jump over same period last year – dominated by energy and aerospace firms, comprising 35% share.

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.