Kolkata MarketBeat Reports
Suvishesh Valsan • 01/10/2025
Cushman & Wakefield Kolkata MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS
Kolkata Office Report
Kolkata recorded gross leasing volume (GLV) of ~0.67 MSF in Q3-25, up 29% q-o-q. Net absorption reached 0.43 MSF, growing by 7% q-o-q. Fresh leasing remained strong, accounting for 70% of quarterly GLV. IT sector led leasing activity with a 57% share, followed by flex operators (22%). Salt Lake Sector V and Rajarhat accounted for 94% share. No new supply was added in Q3-25. Rentals remained stable q-o-q.
Kolkata Retail Report
Kolkata recorded retail leasing volumes of ~60,000 SF in Q3-25, up 24% q-o-q. Main streets dominated with 98% share. Overall leasing was driven by the fashion (63%) and hypermarket (17%) segments. Malls saw negligible activity with city-wide vacancy stable at 6.6%. Grade A vacancy stood at 2.5%, highlighting sharp demand-supply gap in quality mall space.
Kolkata Residential Report
Kolkata recorded 5,122 residential unit launches in Q3-25, an 81% q-o-q increase. Peripheral submarkets dominated with 79% share, followed by the North East submarket (16%) and the North submarket (5%). The mid-segment led with 78% share, growing to 2.5x q-o-q, while affordable launches rose 44% q-o-q to a 15% share. High-end and luxury launches stood at 7%. Capital values grew 6-7% y-o-y, while rentals remained stable q-o-q.
Kolkata Industrial Report
Kolkata recorded warehouse leasing volumes of 2 MSF in H1-25, a 27% growth over H1-24. E-commerce firms led with a 43% share, followed by manufacturing firms (22%). 3PL operators contributed 14% to H1 lease volumes. Supply addition of ~2 MSF was recorded across NH-19 and NH-16 submarkets. City-wide headline warehouse rentals increased 4-5% y-o-y, while land rates moved up by 5-7% y-o-y.
India Capital Market Report
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.
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