Browsing Tag

high streets

2 posts
Malls in India

Mall Vacancy Levels Down to 8.3% in H1 2024 amid Robust Leasing, Limited Supply

According to ANAROCK’s H1 2024 Retail RELEAP report, mall vacancy rates have dropped to 8.3%, the lowest in six years, as demand continues to outstrip supply. Over 3 million square feet of retail space was leased in the first half of 2024, with a significant demand for smaller spaces and a growing presence of exclusive watches and jewellery stores. The highest upcoming retail supply is expected in NCR, MMR, and Hyderabad, accounting for over 85% of new space.
Indian retail

India’s Retail Sector Poised for Expansion: 55 Million Square Feet of Grade-A Malls Needed by 2027

India’s retail industry is on the brink of a major transformation, with a report from Cushman & Wakefield estimating a need for 55 million square feet of Grade-A mall space by 2027. This demand is driven by rising consumer spending and an influx of international brands entering the market. Despite these opportunities, the pace of retail development has lagged, highlighting an urgent need for quality retail spaces to capitalize on the sector’s potential.