Retail leasing in India saw a 24% YoY growth during Jan-Jun 2023 and a 15% rise QoQ, according to a CBRE report. The Jan-Jun 2023 period recorded a 148% YoY increase in total supply. Bangalore, Delhi-NCR and Ahmedabad accounted for a cumulative share of 65% in leasing activity. Domestic firms led the leasing activity during the Apr-Jun 2023 period, accounting for 75% of the share.
CBRE sees a consistent growth in secondary leasing, while primary leasing is likely to pick up pace, fuelled by a strong supply pipeline and the forthcoming festive season