Malls may add 8 mn sq ft operational space in 2024
Financial Express Mumbai|April 13, 2024
RETAIL LEASING IS likely to gain further momentum this year, with nearly 8 million sq (MSF) of mall supply expected to commence operations across the country, up from 5.95 MSF last year, said Cushman & Wakefield on Friday.
Malls may add 8 mn sq ft operational space in 2024

Of this significant addition of retail space, more than a third of the inventory will be in superior category malls and nearly half is likely to be in Hyderabad.

With limited availability in malls, retailers are increasingly turning their attention to high streets. The report highlighted a rise in demand and y-o-y rental growth in prominent high streets across key Indian cities, along with emerging retail clusters around residential or commercial hubs.

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