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 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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