Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B demand builds
Delhi-NCR leased 0.59 million sq ft of retail space in January-March 2026, accounting for 30% of top-eight-city activity. Malls captured 64% of the market, while constrained new supply contributed to a 10% national decline in leasing.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026 to 0.59 million sq ft, led by fashion and F&B demand. Mall leasing dominated, while constrained supply pulled top-eight-city leasing down 10% despite strong occupier expansion interest.
Why this matters
Cushman & Wakefield’s latest Delhi-NCR reading reinforces recent Q1 2026 signals of a 45% leasing increase, with fashion and F&B demand driving activity.
Retail-company is accelerating, up 972300% QoQ.