Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B chase scarce space
Retail leasing in Delhi-NCR rose 45% to 0.59 million sq ft in Q1 2026, leading India's top eight cities with a 30% share, per Cushman & Wakefield. Malls took 64% of demand versus 36% for high streets. National leasing across the top eight cities fell 10% to 1.95 million sq ft amid tight supply of quality space.
Retail leasing in Delhi-NCR rose 45% to 0.59 million sq ft in Q1 2026, leading India's top eight cities with 30% share, driven by fashion and F&B demand amid tight high-quality space supply.
Why this matters
Cushman & Wakefield data confirms a consistent Delhi-NCR surge, echoing prior signals on fashion and F&B occupiers driving a 45% Q1 2026 leasing jump even as national demand contracts on scarce quality space.
Retail-company signals are accelerating, up 525400% QoQ.