Feb 19 2018 | India Opportunities

Demand for retail space estimated to rise by 81 per cent

According to JLL India report, the net demand for retail space in shopping malls is likely to rise 81 per cent in the current year. Supply of retail space is estimated to increase from last year's 5.6 million sq ft to 7.8 million sq ft in 2018. Strong economic fundamentals are likely to drive the demand for retail space in the current year. The net leasing of retail space in malls is estimated to rise from 3.2 million sq ft in the previous year to 5.8 million sq ft in seven cities during 2018.