Cushman & Wakefield
India’s Retail Leasing Reaches 2.22 MSF in Q3 2026; Grade A Mall Vacancy Tightens to 4.8%
India's retail real estate sector recorded a gross leasing volume of 2.22 million square feet in Q3 2026, with main streets accounting for nearly 68% of the total activity. Grade A mall vacancy tightened to 4.8% as the market experienced a third consecutive quarter without new mall supply. Delhi NCR, Hyderabad, and Mumbai collectively represented 61% of the total quarterly leasing activity.
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