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MUMBAI MARKETBEAT REPORTS

Rohan Sharma • 21/01/2021
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: On an annual basis, gross leasing volume in 2020 was 8.32 msf, lower by 40% y-o-y, with fresh leasing in operational stock and term renewals at 4.31 msf and 3.82 msf, respectively in the current year.

Retail: On a broader city level, F&B operators have benefited from the relaxations provided by the state government to open restaurants and eateries, which has led to higher footfalls and improved leasing by F&B brands during the quarter.

Residential: The festive season and lockdown relaxations drove the improved sales activity during the quarter, as potential home buyers who were fence sitting during the lockdown period executed their home buying decisions in Q4.

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

CURRENT MARKETBEATS

Office Buildings CBD
Mumbai Office Report

Although leasing activity improved during the quarter, overall vacancy moved higher as the trend of select occupiers either downsizing or relocating to new space leased in the previous quarters continued.

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Shopping Retail
Mumbai Retail Report

With the reopening of food courts and multiplexes from 5th November coupled with the festive season during the quarter, malls across city recorded higher footfalls which reached around 45-50% of pre-Covid levels.

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Warehouse Internal Rack
Mumbai Residential Report

During the coming quarters, we expect sales activity to remain healthy as developers are making continuous efforts to attract homebuyers through various payment incentives.

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