Fewer Covid curbs push up rents in high street areas
Covid restrictions at shopping malls have pushed rentals at high street locations in top eight cities by 8-22% when malls saw rents increase by just 2-3% since last year.
The steepest rise was at New Delhi's Khan Market where rents increased by more than a fifth followed by 16-18% surge at Bengaluru's Brigade Road and Indiranagar. Highstreets at Mumbai's Fort and Lokhandwala areas saw a 8-9% jump, according to property consultant Cushman & Wakefield.
