Delhi-NCR retail leasing jumps 45% in Q1 as fashion, F&B drive occupier demand
Delhi-NCR retail leasing rose 45% YoY to ~0.59M sq ft in Q1 2026, led by fashion and F&B occupiers, per Cushman & Wakefield. The region took a 30% share of top-8 cities even as overall leasing fell 10% to 1.95M sq ft on supply constraints. Malls captured 64% of demand, high streets 36%.
Delhi-NCR retail leasing rose 45% to ~0.59M sq ft in Q1 2026, led by fashion and F&B occupiers, per Cushman & Wakefield. Overall top-8 city leasing fell 10% on supply constraints amid strong organized-retail demand.
Why this matters
Cushman & Wakefield's Q1 2026 data confirms Delhi-NCR outperforming even as national leasing contracts, with fashion and F&B occupiers sustaining a 45% YoY jump against a 10% market-wide decline.
Retail-company theme accelerating at +694400% QoQ.