Mumbai's Linking Road Rents Jump 22% As High Streets Outshine Malls
Cushman & Wakefield data shows Linking Road high-street rents climbed 22% YoY to Rs 1,100/sq ft, up 7.8% QoQ. Malls still command 73% of leasing, but street retail momentum is building. Fashion and F&B drive demand, with domestic retailers accounting for 86% of activity. Mumbai vacancy sits at 3.4%; Kolkata tightest at 1.1%.
Cushman & Wakefield report shows Mumbai's Linking Road high-street rents jumped 22% YoY to Rs 1,100/sq ft. Malls still dominate 73% of leasing; fashion and F&B lead demand across Indian retail markets, with domestic retailers driving 86%.