Chennai retail leasing jumps 31% y-o-y to 0.17 msf in Q1 2025, main streets dominate
Cushman & Wakefield data shows Chennai retail leasing rose 31% y-o-y to 0.17 msf in Q1 2025, with main streets capturing 90% share on fashion and lifestyle demand. Mall vacancy stood at 14.13% with 3-4% q-o-q rental appreciation. National 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/lifestyle demand. National leasing grew 55% to 2.4 msf, with Hyderabad, Mumbai and Delhi NCR leading expansion.