Retail Leasing in Mumbai Surges 13% in Q3 2025 with Fashion Leading the Charge
Mumbai's retail landscape has seen an exciting new trend. In Q3 of 2025, leasing volume jumped to around 0.59 million square feet (MSF). This 13% increase from the last year signals strong consumer interest.
Fashion leads the growth story. Brands here have leased out 40% of the space available. The demand for new fashions continues to push expansion efforts. Food and beverage outlets grab 15% of the available space. Then we have entertainment venues taking up 10%.
Local Brands Rule
Domestic brands make up 80% of all deals. This growth in hometown favourites shows a trust in local offerings. From trendy clothes to popular eateries, these brands quickly adapt to Mumbai’s diverse preferences.
International chains are still around, but playing catch-up. The focus on these local companies helps create a robust market. It supports jobs and bolsters the local economy.
Malls Are Still Preferred
Malls top the list for lease locations. They now hold 84% of the leased spaces. That's more than double what they grabbed last year. Developers are constantly enhancing these spaces to draw in more visitors.
Consumers prefer malls because they provide unmatched foot traffic that other locations can't match. Families visit malls for shopping, dining, and movies, driving up sales for all.
Notable Stats from Q3 2025:
- Lease Volume: 0.59 MSF, up 13% QoQ.
- Fashion’s Share: Holding 40%.
- F&B and Entertainment Spots: Making up 15% and 10% respectively.
- Domestic Deals: 80% of transactions.
- Mall Predominant: 84% share with 2.1X YoY growth.
The Road Ahead
This upward trend isn’t just a fad. It points to a vibrant retail environment in Mumbai. Investors are finding new opportunities as the city grows. More developments may arise in the suburbs, bringing benefits outside of central areas.
Yet, challenges exist – like high rents in prime locations. However, the outlook remains positive. Creative retailers who offer unique choices, such as sustainable fashion or tech-integrated dining, will lead the way. Mumbai’s market continues to evolve, marking a promising future.
As someone who follows the real estate scene, this is a symptom of a broader change. Post-pandemic, consumer spending has picked up. Brands that resonate with local consumers will succeed. Keep a close watch on Q4 – it could have more surprises in store.