Kolkata MarketBeat Reports
Suvishesh Valsan • 03/07/2025
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 0.52 MSF in Q2-25, a 2x jump q-o-q while net absorption stood at 0.39 MSF. GCCs comprised ~70% of GLV. Fresh leasing accounted for the whole of Q2 GLV, with the IT-BPM segment contributing a 65% share, followed by professional services (12% share). Salt Lake and Rajarhat micro markets cumulatively accounted for a ~93% share. City-wide vacancy stood at 16.4% while office rentals remained unchanged.
Kolkata Retail Report
Kolkata recorded retail leasing volumes of ~48,500 SF in Q2-25, a 30% q-o-q growth. Main streets captured a dominant 88% share. Fashion segment led with over 48% share, followed by F&B (29%). City-wide headline mall vacancy stood at 6.6%, Grade A mall vacancy remained extremely tight at 2.5%. Quoted mall rentals remained unchanged while prominent locations like Gariahat, VIP Road, and Kankurgachi recorded a 1-2% q-o-q growth.
Kolkata Residential Report
Kolkata residential market saw launches of 2,831 residential units in Q2-25. The peripheral submarkets led with ~59% share, followed by the north-east submarket (34%) and north Kolkata (5%). Mid-segment dominated with 58% share followed by the high-end and luxury segment (23%), and the affordable launches (19%). City-wide capital values increased 7-8% y-o-y while rentals increased 1-2 % q-o-q.
Kolkata Industrial Report
Kolkata saw ~ 2.7 MSF of warehouse leasing volume, a 69% from H1-24. 3PL operators contributed 33%, followed by manufacturing (26%). Kolkata recorded new completions of 2.5 MSF in H2 with projects being expedited to meet strong demand. City-wide warehouse rentals grew 4-5% y-o-y while land rates increased by 5-7% y-o-y. Kolkata recorded industrial transactions of 0.2 MSF. City-wide industrial rents also increased 4-5% y-o-y with land rates appreciating 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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