New Delhi, July 1: India’s retail leasing activity reached 2.4 million square feet (MSF) in Q2, registering a 17.6% year-on-year increase, driven by strong demand from retailers despite constrained supply conditions, according to a recent report.
The growth reflects continued expansion in organized retail space, with brands across fashion, food and beverage, electronics, and lifestyle segments actively leasing premium high-street and mall spaces.
The report highlighted that limited availability of quality retail space in key urban markets has led to tighter supply, even as demand from retailers remains strong and diversified across segments.
Industry experts said the sustained leasing activity underscores resilience in consumer demand and growing confidence among retailers in India’s consumption-driven market.
The trend is expected to continue as developers gradually add new retail inventory, while established brands expand their physical presence across major cities.