Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B chase organized space
Delhi-NCR retail space leasing rose 45% YoY to 0.59 million sq ft in Q1 2026, led by malls (64%) and high streets (36%), per Cushman & Wakefield. The region grabbed a 30% share even as top-eight-city leasing fell 10% to 1.95 million sq ft on supply constraints.
Delhi-NCR retail space leasing rose 45% YoY to 0.59 million sq ft in Q1 2026, led by malls and high streets, while overall top-eight-city leasing fell 10% on supply constraints. Fashion and F&B drive demand for organized retail formats.
Why this matters
Cushman & Wakefield's Q1 2026 read on Delhi-NCR follows its Chennai data showing 31% YoY leasing growth to 0.17 msf, signaling broad-based demand for organized retail across metros despite tight supply.
Footfall theme holding steady with 273 signals in the last 90 days.