Mumbai recorded retail leasing of approximately 0.25 million square feet in Q1 2026, with demand anchored in core consumption-led categories. Fashion led leasing activity with a 32% share, followed by F&B and entertainment.
Malls dominated activity with a 72% share, driven largely by suburban and peripheral Grade A+ centres. With no new supply added, overall mall vacancy tightened further to 3.7% — one of the lowest levels seen in recent years. Main street rentals showed strong annual growth, while mall rentals rose steadily, underscoring sustained demand for quality retail assets across Mumbai's key corridors.