Delhi-NCR retail leasing jumped 45% in Q1 2026, resurfacing a report as fashion and F&B led demand
Resurfacing a Q1 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 activity, while constrained quality supply weighed on leasing across India’s top eight cities.
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. Malls captured 64% of activity as quality-space shortages constrained leasing across India’s top eight cities.
Why this matters
The Q1 Delhi-NCR increase precedes Cushman & Wakefield's later signals that India retail leasing rose 17.6% YoY and Grade A mall vacancies fell to a five-year low, indicating tightening mall supply amid sustained demand.
Retail-company is accelerating at +569850% QoQ.