India retail leasing rises 17.6% YoY to 2.4 MSF in Q2 2026 despite mall supply crunch
Leasing across eight cities jumped 17.6% YoY and 23.2% QoQ to 2.4 MSF in Q2 2026, taking H1 to 4.35 MSF—even with no new mall supply. Fashion and F&B led demand while domestic retailers drove 82.4% of deals. Grade A mall vacancy tightened to 5.0% and high-street rents firmed 5.1% YoY, signaling landlord-favourable conditions.
India retail leasing rose 17.6% YoY to 2.4 MSF in Q2 2026 across eight cities despite no new mall supply. Fashion and F&B led categories; domestic retailers dominated at 82.4%. Vacancies tightened and high-street rents firmed, signaling landlord-favourable conditions.