Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion and F&B drive occupier demand
Delhi-NCR retail leasing rose 45% to ~0.59 million sq ft in Q1 2026, per Cushman & Wakefield, led by fashion and F&B expansion. Malls captured 64% of demand, high streets 36%. NCR held a 30% share even as top-eight-city leasing slid 10% to 1.95 million sq ft on supply constraints.
Delhi-NCR retail leasing rose 45% to ~0.59 million sq ft in Q1 2026, led by fashion and F&B demand, even as top-eight-city leasing fell 10% on supply constraints. Domestic and international brand expansion drives demand for organized formats.
Why this matters
Extends Cushman & Wakefield's tracking of Delhi-NCR's 45% Q1 retail leasing surge, reinforcing earlier signals that fashion and F&B occupiers are anchoring regional demand despite national leasing declines.
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