Retail space leasing in malls up 55% at 23 lakh sq ft: Cushman & Wakefield

The supply of space in shopping malls fell by 63% to 19.5 lakh sq ft during the first three quarters of 2017

Leasing of retail space in malls rose by 55% to nearly 23 lakh sq ft during January- September period this year in the eight major cities on better demand, according to property consultant Cushman & Wakefield.

However, the supply of space in shopping malls fell by 63 per cent to 19.5 lakh sq ft during the first three quarters of 2017 calendar year compared to the same period last year.

These eight cities are Delhi-NCR, Mumbai, Kolkata, Pune, Chennai, Hyderabad, Bengaluru and Ahmedabad.

According to the data, the leasing activities in Chennai rose sharply to 3,11,088 sq ft during January-September