Ahmedabad MarketBeat Reports
Suvishesh Valsan • 24/09/2026
Key trends, market performance and growth insights shaping Ahmedabad’s real estate landscape in Q3 2026.
CURRENT MARKETBEAT
Ahmedabad Office Report
Ahmedabad recorded office leasing of ~0.23 MSF in Q3 2026, led by BFSI occupiers with a 57% share, followed by Engineering & Manufacturing. GIFT City and SBD emerged as the key Grade A office destinations, accounting for 43% and 39% of leasing respectively. Net absorption reached 0.4 MSF, up 42% y-o-y, taking YTD net absorption to 1.2 MSF. New supply of 0.68 MSF strengthened the office market, while city-wide office rentals grew 4% annually.
Ahmedabad Retail Report
Ahmedabad recorded retail leasing of 0.13 MSF in Q3 2026, driven primarily by high street locations, which accounted for nearly all leasing activity. Suburban retail corridors such as Sindhu Bhavan Road, Iscon Ambli Road and Chandkheda continued to attract occupier interest, led by F&B, Furniture & Furnishing and Fashion brands. Domestic retailers remained the dominant demand drivers. While mall vacancy saw a marginal uptick, Grade A mall vacancy remained low at 1–2%. High street rentals continued to appreciate, supported by limited availability of quality retail spaces across key locations.
Ahmedabad Residential Report
Ahmedabad recorded 7,380 residential launches in Q3 2026, reflecting strong growth and sustaining developer confidence. West Peripheral and East led supply, driven by Shela, South Bopal, Naroda and Nikol. Affordable housing dominated launches, while high-end and luxury segments saw strong growth.
Ahmedabad Industrial Report
Ahmedabad’s warehousing and industrial market recorded healthy performance in H1 2026. Warehouse leasing reached 1.8 MSF, led by consumer durables, e-commerce and 3PL occupiers. Kheda emerged as the most active warehousing hub, followed by Changodar and Sanand.
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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