Cushman & Wakefield
Cushman & Wakefield's data shows retail leasing across eight major Indian cities fell nearly 5% year-on-year to 2.22 million sq ft in July-September 2026 (Apparel Resources India, 3 Oct), with mall leasing down 42.1% QoQ to 0.71 MSF (BW Retail World, 6 Oct). High-street leasing rose 29.3% to 1.51 MSF (BW Retail World).
What it means Mall-seeking retailers face tight Grade A space, while high-street landlords hold pricing power.
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Background
From 6 stories, the newest dated 6 Oct 2026. Summary written 10 Oct 2026.
Cushman & Wakefield is a real estate services firm that publishes leasing and land-market data on India's retail, logistics and industrial property.
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Its figures cover eight major cities, including Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune and Chennai.[1] source: BW Retail World[2] source: ET Small Business
For Q3 2026, it reported gross retail leasing of 2.22 million square feet (MSF), down 7.3% quarter-on-quarter and 4.4% year-on-year.[2] source: ET Small Business Main streets took 67.9% of that leasing.[2] source: ET Small Business Mall leasing fell 42.1 per cent QoQ to 0.71 MSF, as no new Grade A mall space was added for a third straight quarter.[1] source: BW Retail World High-street leasing rose 29.3 per cent QoQ to 1.51 MSF.[1] source: BW Retail World Apparel Resources India reported a 38% decline in mall leasing.[3] source: Apparel Resources India Cushman & Wakefield expects about 12.7 MSF of Grade A mall supply through 2028.[2] source: ET Small Business
In September 2026, it said land deals since 2021 could support 8-26 million sq ft of retail assets.[4] source: ET Small Business Those deals covered 18,158 acres across 880 deals in 33 cities between 2021 and Q1 2026.[4] source: ET Small Business In August 2026, it reported record logistics and industrial leasing of 36.2 million sq ft in H1 2026, up 18% year-on-year.[5] source: The Hindu BusinessLine Bengaluru warehouse leasing rose 78% year-on-year to 3.1 million sq ft in the same half.[6] source: ET Small Business