2 months ago

Leasing of retail space in 2025 to surpass levels of 2023, top 7 cities to add 9 million sq ft: JLL

New Delhi, January 25 : The top 7 Indian cities are set to see the addition of nearly 9 million sq ft of new retail space in 2025, with gross leasing volume expected to surpass 2023's 8.7 million sq ft, according to the commercial real estate and investment management company, JLL India. Despite continued interest from international retailers, domestic retailers dominated the gross leasing with more than 80 per cent share, leasing approximately 6.5 million sq ft in 2024, the report said. "However, the new supply in the retail sector in 2024 plunged by 73 per cent y-o-y hampering the new retail space take-up by interested retailers looking for quality retail spaces. Despite this decline in new retail supply, the leasing moderated only by 6 per cent over 2023 to 8.1 million sq ft.Retailer appetite for prime retail locations remained firm throughout 2024 and categories such as Fashion and Apparel continued to amass the highest percentage share in the total retail leasing pie," he added.

India Space Bengaluru Retail Mumbai Cities Indian 2024 Report Million Cent Retailers Jll Delhi Ncr Retail Space Share Leasing sq cities million cent jll ft 2024 report space retailers share leasing surpass retail levels

History of this topic

2 weeks, 1 day ago

Kajol expands commercial real estate portfolio, buys retail space in Mumbai's Goregaon West for ₹29 crore

Hindustan Times

Kajol Devgan has bought a commercial space spread across an area of 4365 sq ft worth ₹28.78 crore in Goregaon West near Mumbai, according to documents accessed by IndexTap Kajol has bought a retail space spread across an area of 4365 sq ft worth ₹ 28.78 crore in Goregaon West near Mumbai, according to documents accessed by IndexTap The Bollywood …

2 weeks, 6 days ago

How big a house can you buy for $1 million in Mumbai, Bengaluru and Delhi?

Hindustan Times

With soaring real estate prices in Mumbai, $1 million could buy approximately 1,065 sq ft of residential property in 2024, reflecting a 3% decline from 1,097 sq ft in the previous year. Prime property prices in Delhi and Bengaluru have become more affordable over the decade, offering 11% more in Delhi and 9% more in Bengaluru, per Knight Frank’s Wealth …

3 weeks, 2 days ago

Hyderabad ranked second in office leasing with 13 million square feet absorption in 2024: Savills India

The Hindu

Hyderabad has secured its position as the second-largest office leasing market in India, registering a 52% year-on-year growth in 2024. The city recorded a gross absorption of 13.1 million square feet capturing a 17% share among the top six Indian cities, according to a report by global real estate advisory firm Savills India. Hyderabad’s IT-BPM sector experienced a two-fold increase …

3 weeks, 6 days ago

New office supply touches 515 lakh sq ft in 2024 across seven major cities: Vestian

Hindustan Times

A surge in demand for grade-A office spaces has led to the completion of 515 lakh sq ft of new office space supply across the top seven cities in 2024, according to a report by Vestian. Among the top seven cities, the maximum fresh supply was seen in Hyderabad followed by Bengaluru," the report added. Interestingly, Kolkata witnessed no new …

2 months ago

Retail leasing hits 8.1 million sq ft across eight cities in 2024; Bengaluru tops the list

Hindustan Times

Retail leasing touched around 8.1 million sq ft in 2024 across eight cities in India, with Bengaluru leading in space absorption, followed by Delhi-NCR and Mumbai, a report by JLL has shown. The JLL report said retail leasing touched around 8.1 million sq ft in 2024 across eight cities in India, with Bengaluru leading in space absorption, followed by Delhi-NCR …

2 months ago

Apple India sets a benchmark with record rental deal, leases 6,526 sq ft space in Mumbai's BKC for ₹738 per sq ft

Hindustan Times

In the highest ever commercial lease rentals in the country, Apple India Pvt Ltd has taken on rent 6,526 sq ft of space in Bandra Kurla Complex in Mumbai at a monthly rental of ₹738 per sq ft, according to property registration documents accessed by Proptstack.com Mumbai real estate: In the highest ever commercial lease rentals in the country, Apple …

2 months, 1 week ago

Demand for industrial, warehousing spaces hit record of 645 lakh sq ft in 2024: Savills India

Live Mint

New Delhi, Jan 18 The demand for industrial and warehousing spaces reached an all-time high in 2024 at 645 lakh square feet across major cities, driven by third-party logistics companies, e-commerce players and manufacturing firms, among others, according to Savills India. Real estate consultant Savills India said the absorption or leasing of industrial and warehousing spaces rose by 30 per …

2 months, 2 weeks ago

Average deal size in commercial market up by over 10% in 2024: Knight Frank India

Live Mint

New Delhi, : The average deal size for the commercial market across the leading eight markets in the country has increased by 10.24 per cent, from 37,976 square feet in 2023 to 41,867 sq ft in 2024, according to Knight Frank India. The surge in average deal size is a reflection of the growing demand for higher-quality office spaces with …

2 months, 2 weeks ago

Hyderabad leads office space deals with largest average size in 2024: Knight Frank India

The Hindu

Hyderabad has emerged as the top city in India for average office space deal size in 2024, recording 70,535 square feet per transaction. This marks a 10.13% increase from 2023, when the average deal size stood at 64,042 square feet, according to a recent report by Knight Frank India. Bengaluru secured the second spot in the rankings, with an average …

2 months, 2 weeks ago

Domestic office market surges as India becomes hub for global occupiers

Live Mint

India’s commercial real estate skyrocketed last year primarily on the back of swelling demand from global firms scouring the country for office spaces, according to reports by top property consultants. Across India’s top nine cities, overall office leasing recorded a historical high of 79 msf in 2024, according to a report by CBRE, a real estate services and investment firm. …

2 months, 2 weeks ago

Mint Primer: The factors that could push real estate in 2025

Live Mint

All eyes are on global capability centres, which emerged as the highest contributor in office space leasing in 2024. Gross leasing of commercial office space touched a historic high of 79 million sq ft last year, as per property advisory CBRE India. Following the marginal dip in home sales and project launches last year, 2025 could mark a transition after …

2 months, 3 weeks ago

Bengaluru leads office space absorption with over 14 million sq ft, up by 66% YoY in 2024

Hindustan Times

Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft of leasing, up by 66% from 9.01 msf in 2023, according to a JLL report on January 3. Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft of leasing, up by 66% from 9.01 msf …

3 months ago

Housing sales volume falls 4 pc in 2024 in top 7 cities; value up 16 pc to ₹5.68 lakh cr: Anarock

Live Mint

New Delhi, Dec 26 Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16 per cent to ₹5.68 lakh crore, according to Anarock. Real estate consultant Anarock on Thursday released its housing market data, showing a marginal 4 per …

3 months ago

Year Ender 2024: Top 5 commercial lease deals in the Mumbai real estate market

Hindustan Times

Mumbai's real estate market's office segment reached new heights in 2024, with the per sq ft rental for a commercial office space touching the ₹700 per sq ft market in Bandra Kurla Complex, which is also known as India's costliest business district. IMC India leases commercial office space in Mumbai for ₹ 700 per sq ft In perhaps one of …

3 months ago

Demand for logistics, industrial spaces to touch 50-53 million sq ft in 2024: Report

Hindustan Times

Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand, according to a report by Cushman & Wakefield on December 24. Leasing of logistics and industrial spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand The leasing of …

Bengaluru real estate market to drive office space leasing with over 21 million sq ft absorption in 2024; highest ever

Trending News

3 months ago

Bengaluru real estate market to drive office space leasing with over 21 million sq ft absorption in 2024; highest ever

Hindustan Times

Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN 2024, according to a December 24 report by real estate consultant Colliers. Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN …

3 months ago

Year-ender 2024: Bengaluru sees a surge in office demand. A look at 5 mega commercial transactions

Hindustan Times

Bengaluru was one of India's leaders in commercial real estate transactions in 2024, with notable activity in office space, flex office space, and retail leasing. 2) JP Morgan Services India Private Limited leased 5.6 lakh square feet of office space in Bengaluru's Embassy TechVillage for over seven years at a starting monthly rent of ₹4.47 crore. 3) For a monthly …

3 months, 1 week ago

Year-ender 2024: Office space leasing expected to touch 85 million square feet this year

Hindustan Times

The year 2024 is likely to register 83-85 mn sq ft of gross leasing of office space across eight major cities, which will be an almost 13% increase compared to the peak volume of 2023, a report by Cushman and Wakefield said. Since 2022, India’s office real estate has consistently witnessed more than 70 million square feet of gross leasing …

Gross leasing of office space set to rise 14 pc in 2024 to record 85 mn sq ft: Cushman & Wakefield

Trending News

3 months, 1 week ago

Gross leasing of office space set to rise 14 pc in 2024 to record 85 mn sq ft: Cushman & Wakefield

Live Mint

New Delhi, Dec 16 Gross leasing of office space across eight major cities is likely to rise 14 per cent to touch a record 85 million square feet this calendar year, according to Cushman & Wakefield. The gross leasing of office space stood at 74.6 million square feet in 2023 across eight cities -- Bengaluru, Hyderabad, Mumbai, Delhi-NCR, Chennai, Pune, …

3 months, 3 weeks ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

3 months, 3 weeks ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

3 months, 3 weeks 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 …

4 months, 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 …

6 months ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

6 months, 1 week ago

Bengaluru leads in large office space leasing, transaction volumes touch 4.5 mn sq ft in H1 2024

Hindustan Times

Transactions for office spaces above 100,000 sq ft recorded a substantial YoY growth of 54% in the first half of calendar year 2024 from 10.18 mn sq ft in H1 2023 to 15.69 mn sq ft in H1 2024. Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft followed by …

7 months, 1 week ago

Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY

Hindustan Times

Bengaluru recorded a almost 70% year-on-year surge in industrial and logistics leasing during the January-June period of the ongoing calendar year at 3.4 million square feet. Bengaluru tops industrial and logistics leasing at 3.4 mn sq ft in H1 2024, up 70% YoY Meanwhile fresh supply during the six-month period was recorded at 3.2 million square feet, per the report. …

7 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

7 months, 3 weeks ago

Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022 to H1 2024: Report

Hindustan Times

Bengaluru led leasing by Global capability centres in India between 2022 to H1 2024 with a 40% share, according to a CBRE- Zyoin report released on August 5. Bengaluru leads leasing by Global Capability Centres in India with 40% share between 2022- H1 2024 According to the report, GCCs leased nearly 53 million square feet of office space across the …

8 months, 2 weeks ago

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report

New Indian Express

NEW DELHI: New supply of affordable apartments costing below Rs 50 lakh declined by 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to real estate consultant JLL India. JLL India on Friday released data for the housing market of major seven cities, showing a 5 per cent increase in …

8 months, 3 weeks ago

Office leasing across top 9 cities touches 32.8 mn sq ft in Jan-June; Bengaluru leads office leasing at 8.5 mn sq ft

Hindustan Times

Office leasing touched 32.8 mn sq ft during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE South Asia Pvt. ft. during January to June period, recording an increase of 14% year-on-year across nine cities, a report by CBRE Bengaluru led office space absorption, accounting for about one-fourth of the total leasing …

8 months, 3 weeks ago

Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL

Hindustan Times

Office leasing was up by 29% to touch 33.5 mn sq ft in the first half of the year. Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL Office demand across seven major cities hit an all-time high in the first half of this calendar year with gross leasing of 33.54 …

9 months, 1 week ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

9 months, 3 weeks ago

New supply of retail space to increase by almost 50%, to touch 134 mn sq ft in the next 5 years

Hindustan Times

The existing retail stock, which stands at 89 million sq. ft. of retail space through 88 new retail developments, outpacing the supply of the past decade, which was at around 38 million sq. Out of the 88 upcoming retail developments in the next five years, there will be 12 large-sized projects encompassing an area of at least 1 million square …

9 months, 3 weeks ago

Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24

Hindustan Times

Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. Leasing by Global Capability Centres increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23 touching 22.5 mn sq ft in FY 2023-24 …

11 months ago

Office leasing records 16.7 mn sq ft in Q1 2024, witnessing a 20% growth y-o-y

Hindustan Times

Despite global uncertainties stemming from uneven economic scenarios and geopolitical tensions, the first quarter of 2024 witnessed office leasing activity of 16.7 mn sq. ft in India, a 20% increase year-on-year even as office space absorption across India’s six major cities is likely to register around 61 mn sq ft in 2024, according to international real estate advisory firm Savills …

11 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 …

11 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 …

11 months, 2 weeks 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 …

11 months, 3 weeks ago

Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

Hindustan Times

Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to Cushman & Wakefield’s Q1 office data. A significant contribution to Bengaluru’s healthy leasing volume was 4.8 mn sq ft of fresh leasing activity, and the city accounted for 33% of total …

1 year ago

Leasing demand for manufacturing space up; expected to touch around 16 million sq ft by 2024: JLL

Hindustan Times

Leasing demand for manufacturing space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. Leasing demand for manufacturing real estate space has increased and is projected to touch approximately 16 million sq ft by the end of 2024, JLL India said in a report. In its …

1 year 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 …

1 year, 1 month ago

Entertainment segment leasing witnesses 179% Y-o-Y growth in 2023; Bullish momentum likely to continue in 2024

Hindustan Times

The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment leasing across seven Indian cities in 2023 and the momentum is expected to continue in 2024 as well. The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment …

1 year, 1 month ago

Logistics and industrial leasing crosses 50 mn sq ft mark in the last two years

Hindustan Times

Logistics and industrial leasing in India has crossed the 50 m sq ft mark in the last two years on the back of strong economic and industry fundamentals, rapidly growing sectors like manufacturing and third party logistics, and supportive government policies like the Production Linked Incentive scheme, a report by Cushman & Wakefield has said. Logistics and industrial leasing in …

1 year, 1 month 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 …

1 year, 2 months ago

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report

Hindustan Times

Mumbai: The Mumbai Metropolitan Region touched an all-time high of 9.9 million square feet in Industrial & Logistics leasing in 2023, with the July-December half of this year contributing 5.3 million square feet, said the findings of ‘CBRE Industrial & Logistics Figures H2 2023’, a report by leading real estate consulting firm CBRE South Asia Pvt Ltd. HT Image Third-party …

1 year, 2 months ago

Office space demand up 15% in top 8 cities; Bengaluru sees 14% fall in leasing: Report

Hindustan Times

Leasing of office space rose by 15 per cent across eight major cities last year, despite a decline in demand in Bengaluru, the largest workspace market, according to Knight Frank. Data showed that office demand grew 15 per cent annually to 59.6 million square feet in 2023, despite global economic and geopolitical concerns. The data showed that office demand grew …

1 year, 2 months ago

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units

Deccan Chronicle

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4.76 lakh housing units were sold in 2023 in the top 7 cities, against 3.64 lakh units in 2022, a 31 per cent increase. In terms of supply, around 4.45 lakh new units were launched in …

1 year, 10 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 …

1 year, 10 months ago

Meet India’s largest warehousing landlord

Live Mint

NEW DELHI : Just outside Delhi, in Pataudi tehsil, lies Luhari. So does IndoSpace, currently India’s largest warehousing developer—its grade ‘A’ facility here is spread across 38 acres and is leased to logistics company Delhivery, Mi Phones, and Adidas. IndoSpace, a joint venture between private equity firm Everstone Group, Singapore-based logistics and real estate investment firm GLP, and industrial real …

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5 hours, 34 minutes ago