CBRE: Retailers To Expand Retail Footprint in 2022

11 April 2022, Mumbai:

Leasing across high streets and malls in India is expected to soar past the pre-Covid levels this year, according to real estate investment firm CBRE, which said the country could see a 25% jump in new store openings in 2022.

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25% jump likely in new store openings even as the share of e-comm to total sales doubled every quarter since the beginning of Covid.

March has seen a sharp recovery, with most companies being able to surpass the pre-Covid levels owing to strong demand.

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In its report 'Real Estate Market Outlook 2022 India', CBRE South Asia Pvt. Ltd. said retailers are expected to lease over 5.1 million sq ft of space in 2022, coming close to the previous two years' combined figures of 5.9 mn sq ft.

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CREDITS: ET Dt 11-04-2022 (The news article has not been edited by DFU Publications staff)