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Retail leasing grows 24% year-on-year in the first half of 2023

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. ....

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Retail leasing surges by 24% YoY in Jan-Jun; supply jumps 148%: Report

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 ....

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