Delhi-NCR retail leasing rises 45% in Q1 as fashion and F&B fuel demand
Delhi-NCR retail leasing reached 0.59 million sq ft in Q1 2026, up from 0.41 million sq ft a year earlier, according to Cushman & Wakefield. Malls accounted for 64% of activity, while fashion and F&B demand supported occupier expansion despite a 10% decline across the top eight cities.
Delhi-NCR retail leasing grew 45% year-on-year in Q1 2026, led by fashion and F&B demand. Malls captured most activity as domestic expansion and international-brand participation outpaced quality-space supply, even as leasing across the top eight cities declined 10%.
Why this matters
The result confirms recent signals on Delhi-NCR's 45% Q1 leasing jump and the resurfaced January 2026 report linking growth to fashion and F&B demand.
Retail-company signals are accelerating, up 220833% QoQ.