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 0.59 million sq ft in Q1 2026 (Jan-Mar), up from 0.41 million sq ft a year earlier, per Cushman & Wakefield. Malls captured 64% of demand versus 36% for high streets, with the region holding a 30% national share. Top-8-city leasing, however, fell 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, though top-8-city leasing fell 10% on supply constraints amid strong occupier interest in organized retail formats.