Transactions in Indian retail sector up 160% in H1 of CY2022: CBRE study

Pent-up demand from customers post-pandemic for immersive engagement and convenient in-store experiences has driven productivity at retail spaces, says report

According to a study conducted by real estate consultancy firm CBRE, transactions in the retail sector grew by a staggering 160 per cent year on year in the first half of Calendar year 2022 and more than 100 per cent quarter on quarter in Q2 of CY2022.

Pent-up demand from customers post-pandemic for immersive engagement and convenient in-store experiences has increased the productivity of retail spaces, CBRE said in a press release issued on Thursday. ‘Experiential retail’ is currently counterbalancing the prevalence of e-commerce and has increased the brands’ physical presence, states a report by CBRE.

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