Last updated : April 09, 2025 4:07 pm
According to a new report by Cushman & Wakefield, leasing activity in India's retail sector cross 2.4 million square feet (MSF) in the January-March quarter this year across the country's top eight cities with malls and high streets being the highest contributors.
A new report by Cushman & Wakefield, leasing activity in India's retail sector recorded a robust 55 per cent to cross 2.4 million square feet (MSF) in the January-March quarter this year across the country's top eight cities. Malls and high streets were reportedly the highest contributors to the growth.
The report says high streets accounted for two-third of the total leasing volume at 16.9 lakh square feet, with premium high street locations in Delhi-NCR, Mumbai, Bengaluru and Hyderabad witnessing heightened interest from retailers. Hyderabad however seems to have been the frontrunner in terms of leasing volume contributing 34% ( 0.8 MSF), followed by Mumbai (24% at 0.58 MSF) and Delhi (17% at 0.41 MSF).
Bengaluru and Chennai, the report says, showed stable growth with with leases of 0.19 and 0.17 respectively.
The report also says that Fashion and F&B occupied the maximum space on main streets throughout the top 8 cities with 0.80 MSF of leasing volume, while entertainment and fashion were the biggest space consumers in malls, accounting for 34 per cent of the leasing share at 0.35 MSF.
Further, the report says that domestic brands generated over 92 per cent of leasing activity, with global brands accounting for about 8 per cent of transaction volumes.
Also, according to the report, mall leasing activity is expected to increase further in the future, with about 6.4 million square feet of new mall supply anticipated in the top 8 cities by the end of 2025, of which 58 per cent will be Grade A+.