The retail space absorption in Hyderabad stood at approximately 0.24 million sq.ft., led by domestic brands while the retail space supply in the city was at 0.37 million sq. ft. during first half of 2022. Additionally, with improving sentiments towards offline stores, space take-up increased across malls on a half-yearly basis.
The leasing was mainly driven by fashion and apparel brands with a 35% share in total absorption, followed by entertainment (34%) and consumer electronics (10%).
CBRE South Asia Pvt. Ltd, real estate consulting firm, in the findings of its latest retail report, ‘CBRE India Retail Figures H1 2022’, says that key transactions recorded in the capital are as follows:
