Delhi-NCR retail leasing jumps 45% in Q1 2026 as fashion, F&B drive occupier demand
Retail space leasing in Delhi-NCR rose 45% to 0.59 million sq ft in Q1 2026, per Cushman & Wakefield, led by fashion and F&B occupiers. Malls captured 64% of the take-up versus 36% for high streets. The bright spot bucked a 10% decline across top-8 cities, where leasing fell to 1.95 million sq ft amid tight supply of quality organized formats.
Retail space leasing in Delhi-NCR rose 45% to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand, even as top-8 cities leasing fell 10% amid supply constraints for quality organized formats.
Why this matters
Cushman & Wakefield's Q1 2026 data shows Delhi-NCR bucking a nationwide slowdown, with the 45% leasing surge from fashion and F&B occupiers standing out against a 10% decline across the top-8 cities.
Retail-company signals are accelerating, up 571500% QoQ.