Delhi-NCR retail leasing jump of 45% in Q1 resurfaces as fashion and F&B fuel demand
Resurfacing a January 2026 report: Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of transactions, with limited quality supply steering occupiers towards established malls and high streets.
Delhi-NCR retail-space leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Mall leasing comprised 64%, while constrained quality supply pushed occupiers toward established malls and high streets.
Why this matters
The Q1 gain extends recent Delhi-NCR signals showing leasing and rents rising as premium-mall vacancy declined, alongside early-2024 evidence of tightening premium-mall vacancies and rents.
Retail-company signals are accelerating, up +564050% QoQ.