Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report
3 weeks, 2 days ago

Demand for retail space in malls, high streets in top 8 cities up nearly 5pc in Jan-Sep: C&W report

Live Mint  

New Delhi, Nov 30 Leasing of retail space in shopping malls and prominent high streets rose nearly 5 per cent during January-September this year across eight major cities, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that the absorption or leasing of retail space in Grade-A malls and main high streets across the top eight cities stood at 5.53 million square feet during January-September 2024 against 5.29 million square feet in the corresponding period of the preceding year. Saurabh Shatdal, Managing Director and Head-Retail-India, Cushman & Wakefield, said, "India's retail real estate growth remains intact as can be observed from the strong leasing numbers, both in malls and main streets". According to Cushman & Wakefield data, the leasing of retail space in high streets increased to 3.82 million square feet during January-September this year from 3.44 million square feet in the year-ago period.

India Space Retail Cities Million Pti Feet Square Leasing Major Cities Retail Space High Streets  space  report  malls  feet  jansep  square  streets  high  retail  million  cw  wakefield  nearly  demand  cushman  cities  leasing

History of this topic

Delhi’s Khan Market ranks as 22nd most expensive main street globally: Cushman & Wakefield report
1 month ago

Delhi’s Khan Market ranks as 22nd most expensive main street globally: Cushman & Wakefield report

Live Mint  

New Delhi, : Delhi's Khan Market has secured its spot as the 22nd most expensive retail street globally, according to a report by Cushman & Wakefield's titled 'Main Streets Across the World'. Khan Market, India's most expensive retail destination, boasts annual rents of USD 229 per square foot, reflecting a 7 per cent year-on-year growth. Across the Asia-Pacific region, Bengaluru's …

Khan Market ranks as 22nd most expensive high street globally: report
1 month ago

Khan Market ranks as 22nd most expensive high street globally: report

Hindustan Times  

Khan Market has once again retained its status as a global retail hotspot, ranking as the 22nd most expensive main street internationally with an annual rent of over ₹19,000 per sq ft, according to Cushman & Wakefield’s Main Streets Across the World report. Khan Market has retained its status as a global retail hotspot, ranking as the 22nd most expensive …

Retail leasing touches 1.6 mn sq ft in the third quarter of 2024; High street rentals see growth of 15% YoY in Q3 2024
1 month, 2 weeks ago

Retail leasing touches 1.6 mn sq ft in the third quarter of 2024; High street rentals see growth of 15% YoY in Q3 2024

Hindustan Times  

Retail leasing of 1.6 mn sq ft was recorded in the third quarter of 2024 with Hyderabad, Delhi NCR, and Mumbai leading the volume. According to the Cushman & Wakefield Q3-2024 Retail MarketBeat Report, high streets dominated the leasing landscape, accounting for a 68% of the total 1.6 million square feet leased this quarter, with Hyderabad, Delhi-NCR, and Chennai accounting …

Around 55 mn sq ft of Grade-A mall space required by 2027 to meet growing retail demand: Report
3 months ago

Around 55 mn sq ft of Grade-A mall space required by 2027 to meet growing retail demand: Report

Hindustan Times  

India requires around 55 million square feet of Grade A mall space over the next four years to keep pace with the market and align with other south Asian economies such as Indonesia, Philippines, Thailand and Vietnam on the basis of Retail Space Per Capita, a report by Cushman & Wakefield has said. Around 55 million square feet of Grade-A …

59% increase in ghost shopping centers; low performing malls lock up value of ₹6700 crore
7 months, 2 weeks ago

59% increase in ghost shopping centers; low performing malls lock up value of ₹6700 crore

Hindustan Times  

There has been a 59% year-on-year increase in low performing shopping malls with approximately 13.3 million square feet of retail space categorized as 'ghost shopping centers', a report by Knight Frank India titled 'Think India Think Retail 2024: Shopping Centre and High Street Dynamics Across 29 Cities' has said. NCR accounted for the highest number of ghost shopping centers measuring …

Surge in Mall Space Expected Across Indian Cities in 2024, Led by Hyderabad
8 months, 1 week ago

Surge in Mall Space Expected Across Indian Cities in 2024, Led by Hyderabad

Deccan Chronicle  

Chennai: Around 8 million sq ft of mall space is expected to become operational in 2024, 34 per cent higher than last year. In 2023, top eight cities had added 5.95 million sq ft of mall space and in 2024 this is expected to go up by 8 million sq ft. Of this, approximately 3.5 million square feet of cumulative …

8 mn sq ft of mall supply likely to hit the market this year: Cushman & Wakefield report
8 months, 1 week ago

8 mn sq ft of mall supply likely to hit the market this year: Cushman & Wakefield report

Hindustan Times  

Around 8 million square feet of retail supply is expected to hit the market this year. Around 8 million square feet of mall supply is expected to commence operations across the country this year The report further reveals that the vacancy rate of Grade-A malls across many cities especially in Delhi-NCR, Pune and Chennai, witnessed a notable decline in the …

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands
8 months, 1 week ago

Retail leasing expected to be firm in 2024, to touch 6-6.5 mn sq ft by year end; Tier-II markets to attract new brands

Hindustan Times  

Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in 2024 fueled by leasing activity across malls and high streets with Hyderabad, Bengaluru and Delhi likely to account for maximum share, a report by CBRE titled ‘2024 India Market Outlook’ has said. Retail leasing is expected to sustain between 6 to 6.5 mn sq ft in …

Luxury brands lease 0.6 mn sq ft of retail space in 2023; High Streets emerge as the top leasing choice
9 months, 1 week ago

Luxury brands lease 0.6 mn sq ft of retail space in 2023; High Streets emerge as the top leasing choice

Hindustan Times  

Retail stores across high streets remained the top choice for luxury brands in India’s top eight cities in 2023. Also, the highest concentration of the luxury retail sector is in the Delhi-NCR region, which currently boasts nearly 80% of international luxury brands, according to a joint report by CBRE South Asia Pvt. While high streets constituted a 45% share in …

Urban consumption driving growth of retail malls; office segment faces pressure due to global headwinds
10 months, 2 weeks ago

Urban consumption driving growth of retail malls; office segment faces pressure due to global headwinds

Hindustan Times  

Strong consumption trends are expected to drive the growth for retail mall operators whose rental income is expected to increase by 9-10% YoY in FY2024. ICRA expects the rental income for mall operators to increase by 9-10% YoY growth in FY2024 and a mildly lower 8-9% in FY2025, driven by healthy occupancy levels, growth in trading values and rental escalations. …

New supply of retail space expected to increase by 45% by 2028: Report
10 months, 2 weeks ago

New supply of retail space expected to increase by 45% by 2028: Report

Hindustan Times  

New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint, a new report by JLL said on February 7. New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq …

Survey: Delhi’s Khan Market rent highest in India
1 year, 7 months ago

Survey: Delhi’s Khan Market rent highest in India

Hindustan Times  

Delhi’s Khan Market charges the highest rent among high street retail locations across India, a survey of the country’s shopping centres has revealed, with Gurugram’s DLF Galleria second on the list, followed by Mumbai’s Linking Road. According to the survey, Khan Market commanded rents in the range of ₹1,000 –1,500 per sq ft per month, followed by DLF Galleria with …

Bengaluru Has 4 High Streets In India; Noida Sector 18, Delhi's South Ex In Top 10
1 year, 7 months ago

Bengaluru Has 4 High Streets In India; Noida Sector 18, Delhi's South Ex In Top 10

News 18  

In a primary survey conducted by global real estate consultancy in India, Knight Frank across eight markets of India, it was found that Karnataka’s capital city Bengaluru has the best of high streets that provide significantly better shopping experience with 4 of its markets making to the top 10 list. Top 10 High Streets Rank City High Street 1 Bengaluru …

Delhi-NCR, Bengaluru among favourite destinations for retail brand expansion: Report
1 year, 10 months ago

Delhi-NCR, Bengaluru among favourite destinations for retail brand expansion: Report

Hindustan Times  

Showing no signs of tail-off, the rental leasing activity stood at 2.43 million sq. The report highlights the periodic augmentation in retail space leasings in commercial projects, high-street structures, and mixed-use establishments, with Delhi-NCR and Bangalore leading the pack. The study has also thrown light on the insurgence of international brands' share in India's retail space leasing activity, reflecting the …

Retail Sales in Shopping Malls to Grow 29% Annually to Reach $39 Billion by FY28: Report'
2 years, 3 months ago

Retail Sales in Shopping Malls to Grow 29% Annually to Reach $39 Billion by FY28: Report'

News 18  

New Delhi: Retail sales in shopping malls across top eight cities are expected to grow 29 per cent annually to reach USD 39 billion by 2027-28 fiscal on consumption growth and opening of new malls, according to a property consultant. “The organised retail sales volume in the top 8 Indian cities is estimated to grow at a CAGR of 17 …

Delhi’s Covid pain: Rent for retail space in Khan Market, CP drops 14%, says report
4 years, 2 months ago

Delhi’s Covid pain: Rent for retail space in Khan Market, CP drops 14%, says report

Live Mint  

New Delhi: The average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period due to COVID-19 pandemic, according to Cushman & Wakefield. In its 'Market Beat Delhi-NCR Retail Q3 2020' report, Cushman & Wakefield said the average rentals of Khan Market stood at ₹1,200 …

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