Browsing Tag

Retail Space

3 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.

GKW Partners with Mahindra Lifespace Developers for Major Mixed-Use Development in Bhandup, Mumbai

GKW has teamed up with Mahindra Lifespace Developers to transform a 37-acre land parcel in Bhandup, Mumbai, into one of the city’s largest urban mixed-use developments. The project, which will feature residential, commercial, and retail components, aims to capitalize on the area’s excellent connectivity and growing real estate potential.
Indian retail

Main Streets Lead Retail Leasing Growth in Q3 2024; Rentals Surge Amid Tightening Vacancies

Cushman & Wakefield’s Q3 2024 Retail MarketBeat report highlights a strong retail leasing performance, with main streets driving the majority of the 1.6 million square feet leased across top cities. Rental rates surged in high-demand areas like Delhi NCR, Bengaluru, and Chennai, while tightening vacancies in Grade-A malls point to increasing demand for premium retail space.