Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion and F&B fuel occupier demand
Delhi-NCR led India's top-8 cities with retail space leasing up 45% to 0.59M sq ft in Q1 2026, per Cushman & Wakefield. Malls captured 64% of activity versus 36% for high streets, with the region holding a 30% national share. Overall top-8 leasing fell 10% to 1.95M sq ft amid supply constraints.
Delhi-NCR retail space leasing rose 45% to 0.59M sq ft in Q1 2026, leading India's top-8 cities, driven by fashion and F&B demand amid supply constraints; overall top-8 leasing fell 10%.
Why this matters
Reinforces Cushman & Wakefield's tracking of Delhi-NCR outperformance, echoing prior signals on fashion and F&B chasing quality retail space even as overall top-8 leasing contracts.
Retail-company theme accelerating at +739300% QoQ.