The absorption of retail space in 2021 calendar year stood at 3.9 million square feet across Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune.
The data denotes space takeup in investment-grade malls, prominent high streets, and standalone developments.
The leasing of retail space is still below 2019 (pre-CÔVID) level at 6.8 million square feet during 2019. The demand of retail space plunged to 2 million square feet in 2020 calendar year due to the nationwide lockdown to control the COVID pandemic.
Real estate consultant CBRE South Asia noted key sectors that drove leasing activity in 2022 were fashion & apparel, F&B, hypermarkets, and homeware & department stores.
This story is from the January 20, 2023 edition of Millennium Post Delhi.
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This story is from the January 20, 2023 edition of Millennium Post Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
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