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, led by fashion and F&B, per Cushman & Wakefield. NCR captured 30% of the top-8 city total, with malls at 64% and high streets 36%. Overall top-8 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, led by fashion and F&B demand, per Cushman & Wakefield. Overall top-8 city leasing fell 10% on supply constraints amid strong organized-retail demand.
Why this matters
The 45% Delhi-NCR jump aligns with broader momentum, as India retail leasing climbed 17.6% YoY to 2.4M sq ft in Q2 2026, signaling sustained occupier demand despite top-8 supply constraints.
Footfall theme holding steady with 302 signals tracked over the past 90 days.