Delhi-NCR retail leasing hits record in 2024 as vacancy falls and rents climb
Delhi-NCR retail leasing rose 7% YoY to 3.1M sq ft while vacancy fell to 8.3% from 9%, per CBRE/ANAROCK. Noida-Gurugram leasing surged 12-15% with rents rising. The region is projected to hold 66% of India's 27M sq ft retail pipeline through 2028, signaling ample store-space supply for expanding retailers.
Delhi-NCR retail real estate hit record leasing and falling vacancy in 2024, with rising rents in Noida/Gurugram. CBRE/ANAROCK project the region will dominate 66% of India's retail development pipeline through 2028, signaling expanding store-space supply for retailers.
Why this matters
Multiple CBRE/ANAROCK signals confirm Delhi-NCR's record 2024 retail leasing, falling mall vacancy and rising rents, pointing to sustained demand and ample store-space supply for expanding retailers.
Retail-company signals accelerating, up 604800% QoQ.