Retail leasing across India’s top eight cities stood at 2.24 million sq. ft. in Q2 2025, down 5.4% quarter-on-quarter and 6.3% year-on-year. Malls gained traction, accounting for 45% of space, while high streets led with 55%. Vacancy in premium malls fell to 4.28%. Hyderabad, Mumbai, and Delhi-NCR led leasing, with domestic retailers dominating and global brands increasing mall presence.