India retail leasing climbs 7% YoY to 3.1M sq ft in H1 2024, led by Bengaluru, Chennai, Delhi-NCR
CBRE's H1 2024 data shows retail leasing across 13 Indian cities rose 7% YoY to 3.1 million sq ft. Bengaluru, Chennai and Delhi-NCR accounted for 59% of absorption, while fashion led category demand at 39%, followed by entertainment (13%) and homeware/department stores (11%). Fresh supply lagged at just 0.5 million sq ft.
CBRE's H1 2024 report shows Indian retail leasing rose 7% YoY to 3.1 million sq. ft. across 13 cities. Bengaluru, Chennai, and Delhi-NCR drove 59% of absorption; fashion led categories at 39%. Supply addition was just 0.5 million sq. ft.