Report: Mall space leasing saw a rise of 77% y-o-y in H1 2018

By Accommodation Times Bureau

MUMBAI

In H1 2018 for retail space has seen a rise of over 75% year – on – year (y-o-y) recording a total absorption of 1.9 million square feet  (msf) in the first half of 2018, a report said.

JLL in their half yearly update note that the new completions saw a decline of about 25% year –on –year with the total completion of new mall space recorded at approximately 2.1 msf in H1 2018 over 2.8 msf in H1 2017.

The retail market, which has been experiencing a new lease of life with investment interest in returning to the market, has also seen a growth in leasing activities from both international and domestic brands, it added.





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