Kolkata’s Main Streets See High Retail Space Leasing in Q1 2025
A recent report by Cushman & Wakefield highlights that main streets in Kolkata dominated retail space leasing in the first quarter of 2025, with fashion brands leading the trend.
Retail SpaceFashion BrandsMain StreetsLeasing TrendsCushman WakefieldReal EstateApr 13, 2025
The report, which analyzed leasing trends across various sectors, noted that the city's main thoroughfares, including Park Street, Ballygunge Circular Road, and Sarat Bose Road, have been particularly active. These areas are known for their high footfall and affluent consumer base, making them attractive locations for retail businesses.
Fashion brands, both domestic and international, have been keen to establish a presence in these areas. This trend is supported by the growing consumer spending power and the increasing trend of luxury and high-end fashion in the city. Retailers are leveraging these main streets to create premium shopping experiences, thereby attracting a wider range of customers.
Apart from fashion, other sectors such as food and beverages, lifestyle, and personal care have also shown significant activity. The food and beverage sector, in particular, has seen a surge in new openings, with several new restaurants and cafes setting up shop in prime locations. This is a reflection of the evolving dining habits and the growing demand for diverse culinary options among Kolkata's residents.
The report also highlighted the role of e-commerce in influencing brick-and-mortar retail. While online shopping continues to gain popularity, physical stores are still essential for brand building and customer engagement. Retailers are adopting a multi-channel approach, combining online and offline strategies to enhance customer experiences.
Cushman & Wakefield expects this trend to continue in the coming quarters, with more brands looking to capitalize on the vibrant retail environment in Kolkata. The firm's analysts predict that the city will remain a key destination for retail expansion, driven by its rich cultural heritage and strong consumer base.
In conclusion, the first quarter of 2025 has seen a robust leasing activity on Kolkata's main streets, with fashion brands leading the charge. This trend is expected to persist, supported by the city's dynamic retail landscape and the growing consumer appetite for high-quality retail experiences.
Frequently Asked Questions
Which areas in Kolkata have seen the most retail space leasing activity?
Park Street, Ballygunge Circular Road, and Sarat Bose Road have been the most active areas in Kolkata for retail space leasing.
What percentage of leasing volumes are led by fashion brands?
Fashion brands have led with over 50 percent of the leasing volumes in Kolkata's main streets.
What other sectors are showing significant activity in retail space leasing?
Apart from fashion, the food and beverage, lifestyle, and personal care sectors are also showing significant activity in retail space leasing.
How is e-commerce influencing brick-and-mortar retail in Kolkata?
E-commerce is influencing brick-and-mortar retail by driving the need for multi-channel strategies, where physical stores complement online shopping to enhance customer experiences.
What is the outlook for retail expansion in Kolkata according to Cushman & Wakefield?
Cushman & Wakefield predicts that Kolkata will remain a key destination for retail expansion, driven by its rich cultural heritage and strong consumer base.
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