Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion and F&B drive occupier demand
Delhi-NCR retail space leasing rose 45% to 0.59M sq ft in Q1 2026, up from 0.41M sq ft a year ago, per Cushman & Wakefield. Malls captured 64% of volume versus 36% for high streets. NCR led the top-eight cities with a 30% share, even as overall top-8 leasing fell 10% to 1.95M sq ft on supply constraints.
Delhi-NCR retail space leasing rose 45% to 0.59M sq ft in Q1 2026, led by fashion and F&B demand. Malls drove 64% of volume; NCR led top-eight cities despite an overall 10% decline from supply constraints.
Why this matters
NCR bucks the national trend as top-8 leasing fell 10%, echoing wider signals that India retail leasing rose 17.6% YoY to 2.4 MSF in Q2 2026 despite a mall supply crunch.
Footfall theme steady with 292 signals in the last 90 days.