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.

Indoor Amusement Centers in India to Expand by 67% by 2028

A new JLL report forecasts a 67% increase in India’s Indoor Amusement Center (IAC) space by 2028, expanding to 11 million square feet. The growth, driven by rising consumer demand and shifting retail trends, highlights the expanding role of IACs in transforming shopping malls into entertainment hubs. The report notes significant leasing activity in major cities and emerging markets, reflecting a broader trend towards immersive and diverse retail experiences.