Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion and F&B drive occupier demand
Delhi-NCR led top-eight cities with 0.59 million sq ft of retail leasing in Q1 2026, up 45% from 0.41 million sq ft a year ago. Malls captured 64% of demand versus 36% for high streets. Overall top-eight leasing 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, leading top-eight cities, driven by fashion and F&B demand. Overall top-eight leasing fell 10% on supply constraints amid strong organized-format occupier interest.
Why this matters
Builds on prior Cushman & Wakefield reads showing fashion and F&B occupiers chasing organized retail space in Delhi-NCR, reinforcing the region's lead among top-eight cities despite an overall national leasing dip.
Footfall theme steady with 276 signals in 90 days, tracking sustained occupier demand.