What: India sees a surge of retail square meters in all categories.

Why it is important: Are you ready to see India become a retail giant?

Retail space leasing surged by 46% across eight cities to 4.73 million square feet from January to September, compared to 3.23 million square feet in the same period the previous year, as reported by CBRE. Bengaluru, Delhi-NCR, and Pune combined contributed to over 61% of this leasing activity.

Anshuman Magazine, CEO of CBRE in multiple regions, highlighted the impressive growth in retail absorption and anticipated a further increase due to the festive season.

The retail sector is undergoing significant transformation, with a focus on enhancing in-store experiences. The primary sectors contributing to leasing were fashion & apparel (34%), home & department stores (17%), and food and beverage (13%). The report also provided specific leasing figures for various cities.

Retail space in India is increasing +46%