Delhi-NCR retail leasing jumped 45% in Q1 2026, resurfacing fashion and F&B-driven demand data
Resurfacing a Q1 2026 report: Delhi-NCR leased 0.59 million sq ft of retail space that quarter, up from 0.41 million sq ft a year earlier. Malls captured 64% of activity, with the region accounting for 30% of leasing across India’s top eight cities despite a 10% national decline.
Delhi-NCR retail leasing rose 45% in Q1 2026, led by fashion and F&B demand. Mall-led leasing and constrained quality supply underscore expansion appetite among domestic and international retailers, despite a 10% decline across India’s top eight cities.
Why this matters
Cushman & Wakefield’s resurfaced report reinforces recent signals that Delhi-NCR’s Q1 2026 leasing growth was led by fashion and F&B demand, including March 2026 data.
The retail-company theme is accelerating, up 198443% QoQ.