Archive · 22 Nov 2025
High-Street Rentals Outpace Malls, Driven by Luxury Brands
High-street shops are becoming more expensive than malls because luxury brands want to be seen in busy places.
Malls are still growing, but not as fast.
High streets don't have as many things to do as malls, but they're still in demand because there aren't many of them.
High-street rentals grew 7-15% annually between 2021 and 2025, outpacing malls
Luxury brands accounted for over 40% of high-street leasing due to visibility premium
Mall rents grew 5-8% for grade A, stagnant or declining for grade B and C
High streets lack mall infrastructure but have limited supply, driving high rents
Experts expect high-street rents to rise 10-20% due to strong demand and limited supply
- Who
- Luxury brands, retailers
- What
- Increased high-street rents, steady mall rents
- When
- Between 2021 and 2025
- Where
- Major cities in India
- Why
- Strong consumption density, limited new supply, visibility premium
High-Street Retailers
Mall Landlords
Rental Growth
High-Street Retailers
High-street rents grew faster (7-15%)
Mall Landlords
Mall rents grew slower (5-8%) for grade A, stagnant or declining for others
Demand Drivers
High-Street Retailers
Visibility, luxury brands' demand
Mall Landlords
Limited supply, strong brand demand
Infrastructure
High-Street Retailers
Lacks infrastructure, limited family experience
Mall Landlords
Offers complete ecosystem — shopping, dining, entertainment
- High-Street Rental Growth
- 7-15% annually (2021-2025)
- Mall Rental Growth (Grade A)
- 5-8% annually (2021-2025)
- Luxury Brands' Share in High-Street Leasing
- Over 40%
- Mall Rental Range (Mumbai)
- Rs 800-Rs 1,000 per sq. ft. per month
- Expected High-Street Rental Growth
- 10-20%