Delhi-NCR retail leasing jumps 45% in Q1 2026, leads top-8 cities as Fashion, F&B drive demand
Delhi-NCR retail space leasing rose 45% to 0.59 million sq ft in Q1 2026, topping India's eight major cities even as overall top-8 leasing fell 10% to 1.95 million sq ft, per Cushman & Wakefield. Malls captured 64% of demand versus 36% for high streets, with the region holding a 30% national share.
Delhi-NCR retail space leasing rose 45% to 0.59 million sq ft in Q1 2026, leading India's top-8 cities despite overall 10% decline, per Cushman & Wakefield. Fashion and F&B drive occupier demand amid supply constraints and organized retail expansion.
Why this matters
Cushman & Wakefield data confirms Delhi-NCR's 45% leasing jump as fashion and F&B chase mall space, echoing recent signals showing the region outpacing peers even as top-8 leasing contracted.
Footfall theme steady with 279 signals in the last 90 days.