Slump in retail rentals

CBRE
As per CBRE, New Delhi witnessed a decline in retail rentals of 25% and ranked 69th in rentals among the list of major cities across the world during the Q1 of this year.

Demand for retail space has decreased in most markets across the world as consumers cut back on spending and unemployment continues to rise in many countries. New Delhi in India saw a 25% decline in last 6 months.

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