Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B demand builds
Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of leasing, while the region captured 30% of activity across India’s top eight cities despite an overall market decline.
Delhi-NCR retail leasing rose 45% year-on-year in Q1 2026, led by fashion and F&B demand. Malls captured 64% of activity as domestic and international brands sought scarce organised retail space, while overall top-eight-city leasing fell due to supply constraints.
Why this matters
The result reinforces Cushman & Wakefield’s resurfaced Q1 report on Delhi-NCR fashion and F&B demand and follows its July 2026 India report citing 17.6% leasing growth and five-year-low Grade A mall vacancies.
retail-company is accelerating, up 385833% QoQ.