![\"Prominent](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/1x1_spacer.png\" "\\"Prominent")
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\n Prominent high streets such as T. Nagar, Anna Nagar, ECR, and Purasawalkam accounted for nearly half of total demand. The picture shows an aerial view of T. Nagar.
\n | Photo Credit: RAGU R\n <\/p>\n
Chennai\u2019s retail market maintained healthy momentum in the third quarter of 2025, recording a leasing volume of 0.16 million square feet, an 8% year on year growth. <\/p>\n
Main streets dominated leasing activity with an 88% share, recording 0.14 million square feet of leasing – up 29% over the previous quarter, according to data shared by Cushman & Wakefield, a real estate services firm as part of its Q3-2025 Retail Marketbeat Report. <\/p>\n
The Off-CBD (Central Business District) sub-market led the leasing activity with 29% share, followed by Suburban South (25%). Prominent high streets like T. Nagar, Anna Nagar, ECR, and Purasawalkam\u2014accounted for nearly half of total demand. <\/p>\n
Sector-wise, the food and beverages (F&B) segment led with 24% share, followed by accessories and lifestyle at 22%. Domestic brands continued to dominate leasing activity in Q3 with a 74% share, while international brands strengthened their presence, capturing 26% – double their share compared to the same period in 2024. <\/p>\n
During the quarter Decathlon leased 20,000 sq ft at Pondy Bazaar, StyleUp took 12,000 sq ft space on the East Coast Road. Malls recorded a leasing volume of 0.02 million sq ft in Q3, with the North-west sub-market accounting for 58% of the activity, followed by South-west at 23%. <\/p>\n
In this particular quarter, demand was led by F&B, Fashion and CDIT brands. Overall mall vacancy declined marginally by 20 bps to 13.36% during the quarter. Superior grade malls continued to record high occupancy levels, with vacancy remaining tight at around 1-2%. <\/p>\n
The report also pointed out that Grade A malls recorded a modest rental increase during the third quarter, driven by limited space availability and steady demand. Among main-streets, locations such as Anna Nagar 2nd Avenue, Pondy Bazaar, Usman Road (South), Velachery and Ambattur (MTH Road) recorded quarterly rental growth in the range of 3-10%. Rental appreciation is expected in key main streets over the coming quarters, driven by sustained demand from domestic brands. <\/p>\n
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