Delhi-NCR retail leasing jumps 45% in Q1 2026, leads top-8 cities as fashion and F&B drive demand
Delhi-NCR retail space leasing rose 45% to 0.59 million sq ft in Q1 2026, commanding a 30% share among India's top eight cities. Malls captured 64% of demand versus 36% for high streets, with fashion and F&B occupiers leading despite supply constraints. Top-8 leasing overall dipped 10% to 1.95 million sq ft.
Delhi-NCR retail space leasing rose 45% to 0.59 million sq ft in Q1 2026, leading India's top eight cities with 30% share. Fashion and F&B drive occupier demand amid supply constraints, favoring organized malls and high streets.
Why this matters
Cushman & Wakefield data confirms a consistent Q1 2026 narrative of Delhi-NCR's 45% leasing surge, with fashion and F&B repeatedly cited as demand drivers even as top-8 city leasing softened.
Footfall theme holds steady with 286 signals in the last 90 days.