India’s Grade A mall vacancy hits 6.7% as retailers chase scarce premium space
Retailers leased 4.1 million sq ft of Grade A mall space across India’s top seven cities in H1 2026, while just 0.9 million sq ft was completed. The supply-demand gap has pushed vacancy to its lowest level since 2010, sharpening competition for prime locations.
Grade A mall leasing in India’s top seven cities reached 4.1 million sq ft in H1 2026, versus only 0.9 million sq ft of new supply. Vacancy fell to 6.7%, intensifying retailer competition for premium locations and favouring institutional, mixed-use developments.
Why this matters
No related recent signals were provided. The H1 2026 gap between Grade A mall leasing and completions points to intensifying competition for premium retail locations in India.
The retail-company theme is accelerating, up 568250% QoQ.