GENERAL2 Oct 2026
Retail space leasing in malls falls 38% in Q3 across top 8 cities: Cushman
Retail space leasing in shopping malls dropped 38% to 0.71 million sq ft in July-September across eight big cities, says Cushman & Wakefield, mainly due to supply constraints. High-street leasing rose 33% to 1.51 million sq ft, so total retail leasing slipped nearly 5% to 2.22 million sq ft. If you are scouting a mall location, expect fewer options and tighter terms.
Key Statutory Highlights
- Mall retail leasing fell 38 per cent to 0.71 million sq ft in July-September across Mumbai, Delhi-NCR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad, due to supply constraints.
- High-street leasing rose 33 per cent to 1.51 million sq ft, taking 68 per cent of total leasing, while malls took 32 per cent.
- Total retail leasing fell nearly 5 per cent to 2.22 million sq ft, and leasing was down only in Mumbai and Pune among the eight cities.
Actionable Advice for Taxpayers / Founders:If you plan to open or expand a store this year, start site talks early and keep a high-street option ready, since premium mall space is limited. It may help to confirm rent and fit-out terms in writing before you commit.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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