Chennai retail leasing jumps 31% y-o-y to 0.17 msf in Q1 2025
Cushman & Wakefield data shows Chennai retail leasing rose 31% y-o-y to 0.17 msf in Q1 2025, with main streets capturing 90% of activity amid fashion brand expansion. Mall vacancy stood at 14.13%. Nationally, leasing surged 55% to 2.4 msf, led by Hyderabad, Mumbai and Delhi NCR.
Chennai retail leasing rose 31% y-o-y to 0.17 msf in Q1 2025, led by main streets and fashion brand expansion. Nationally, retail leasing grew 55% to 2.4 msf, with Hyderabad, Mumbai and Delhi NCR leading volumes.
Why this matters
Chennai's main-street-led 31% jump mirrors broader high-street momentum, with Delhi-NCR leasing up 45% in Q1 2026 and CP rents climbing 14% as fashion and F&B drive demand nationally.
Footfall theme holding steady with 270 signals in the last 90 days.