21 October 23
Indian customers’ interest in these store experiences is increasing: CBRE
New Delhi-The offline retail sector has witnessed a boom so far this year. Retail leasing is a clear indication of this. Retail leasing increased by 46% in 8 big cities of the country during January-September. During this period, the share of fashion apparel and departmental stores in total leasing was more than 50%.
Highest leased retail space in Bengaluru
Malls built double from last year.
According to CBI, America’s largest commercial real estate services and investment firm, in the first 9 months of the year, 47.3 lakh square feet of retail space went on lease in two Indian cities: Bengaluru. In comparison, 32.3 lakh square feet of retail space was given on lease in January-September 2022. So far this year, the maximum retail store space of 14 lakh square feet has been given on lease in Bengaluru. 9 lakh square feet Ahmedabad With 4, Delhi-NCR stood second in this matter. CBI Head (India, East Asia, Middle-East and Africa) Anshuman Magazine said, ‘Indian customers are increasingly interested in in-store experiences.’