Retail leasing rises 114% Y-o-Y, crossed 3.4 mn sq ft in 9 months: Report

Hyderabad, Delhi- NCR, Mumbai, and Bangalore account for 79% of overall retail space absorption

Retail leasing in India increased by 114 per cent year-on-year and crossed 3.4 mn sq ft in the first nine months of 2022, said CBRE’s ‘India Market Monitor’ report for the third quarter.

Hyderabad, Delhi-North Capital Region (NCR), Mumbai, and Bangalore accounted for 79 per cent of overall retail space absorption. Hyderabad contributed 29 per cent, followed by Delhi-NCR with 25 per cent and Mumbai with 13 per cent. Bangalore contributed 12 per cent to the absorption.

In the third quarter (Q3), total retail space supply grew by 102 per cent quarter-on-quarter (Q-o-Q). However, total supply addition in 9 months