Learn more by clicking our most recent Mumbai MarketBeat reports on the various sectors below.
Mumbai MarketBeat Reports
03/11/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS

Mumbai Office Report
In Q3-23, Mumbai witnessed strong leasing activity with gross leasing volume recorded at 3.47 msf. The BFSI sector continues to lead sectoral share of quarterly GLV with ~ 25% share, while Lower Parel & Malad-Goregaon enjoyed one of the highest quarterly leasing activity shares. Vacancy rates declined due to limited new supply. Rentals saw an uptick of 2.1% y-o-y.

Mumbai Retail Report
In Q3, 2023 Mumbai recorded sustained leasing momentum of around 93,000 sf in malls. The fashion segment drove quarterly leasing with more than a 50% share in leasing volume, followed by the Entertainment segment. City-level mall vacancy remained steady at 8.3% during Q3, 2023. Malls and main street rentals saw a rise on a q-o-q basis.

Mumbai Residential Report
In Q3 2023, Mumbai's residential sector witnessed a drop of 31% as compared to the same period last year. This quarter continued to witness land acquisitions, re-development projects and JV announcements. Affordable and Mid-segments dominated quarterly launches with 34% & 30% market share, respectively. Quoted capital values recorded an increase of 2-4% on a quarterly basis.

Mumbai Industrial Report
In the second half of 2022, Mumbai's warehousing sector experienced sustained leasing momentum in the first half of 2023, driven primarily by the 3PL (Third-Party Logistics) capturing a significant 57% of the market share, followed by the Retail sector with a 23% share. Additionally, the industrial sector saw increased leasing activity in H1 2023, led by Engineering & Manufacturing companies. Regarding rentals, TTC MIDC and Bhiwandi submarket witnessed an uptick of 4-5% over H2 2022.r saw healthy leasing activity of approx. 6 msf, about a 32% growth over H1 2022.
RELATED INSIGHTS

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Main Streets Across the World 2023
In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Dominic Brown • 21/11/2023

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Kerala's Cities Emerge as Real Estate Sector’s Top Picks
Cushman and Wakefield India Research recently released a research publication, India's Next 10 Emerging Markets, which identified the top 10 tier-II cities of India from a broader list of 17 cities having the highest growth potential in the commercial real estate sector.
03/11/2023

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India's Next 10 Emerging Markets
Engines for future growth for Commercial Real Estate
06/10/2023