Rental values are perking up
Retailers are becoming more cautious in their approach towards retail space and are more conscious of footfalls, tenant mix and conversion rates before committing to retail space options. The concept of shopping as a whole has altered in terms of format and consumer buying behaviour.
Retailers are more aligned to standards-based architecture and software support to all kinds of mission-critical IT applications for enabling greater efficiency, significant cost savings and newbusiness value.
The focus is on finance and accounting, business intelligence, vendor management, supply chain management, merchandising and inventory management, facilities management, stores management and customer relationship management.
Delhi NCR Key retail real estate markets, like the National Capital Region (NCR), Mumbai, Bangalore and Chennai, witnessed an improvement in average rentals in first half of the year.
NCR rentals in Delhi are moving towards stability after an extended period of correction over the past few quarters. While Grade B markets have observed corrections of 5 – 10% Grade A retail spaces are close to their pre-recessionary rentals,with a 10–15% increase in rental values over the past fewquarters. Retailers are shifting the focus to prime retail space, in spite of the related premium rentals. The past quarter was noteworthy; for it
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