Delhi-NCR retail leasing jumps 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR leased 0.59 million sq ft of retail space in Q1 2026, up 45% year on year. Malls accounted for 64% of activity, while the region captured 30% of leasing across India’s top eight cities despite a wider market decline.
Delhi-NCR retail-space leasing climbed 45% year-on-year in Q1 2026, led by fashion and F&B demand. Malls captured 64% of activity as limited quality supply constrained leasing across India’s top eight cities.
Why this matters
Cushman & Wakefield’s Q1 result aligns with recent signals on Delhi-NCR leasing rising 45% as fashion and F&B demand strengthened, including a resurfaced Q1 report.
Store-opening is steady, with 1,553 signals logged over the past 90 days.