Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion and F&B lead demand
Delhi-NCR retail space leasing rose 45% to 0.59M sq ft in Q1 2026, topping India's eight major cities and capturing a 30% national share, per Cushman & Wakefield. Malls drove 64% of activity versus 36% for high streets, even as overall top-8 leasing slipped 10% to 1.95M sq ft on supply constraints.
Delhi-NCR retail leasing rose 45% to 0.59M sq ft in Q1 2026, leading India's top-8 cities, driven by fashion and F&B demand, though overall top-8 leasing fell 10% amid supply constraints.
Why this matters
Reinforces Cushman & Wakefield's read that NCR leads India retail leasing, cornering 30% of top-eight demand as fashion and F&B occupiers drive the 45% Q1 jump despite tightening supply nationally.
Footfall theme steady with 326 signals over the last 90 days.