India retail leasing hits 3.1M sq ft in Q1 2026 as high streets outpace malls
Top-7 cities clocked 3.1M sq ft of retail leasing in Q1 2026, down 15% QoQ but up 1% YoY. High streets captured 48% share vs malls' 40%, with mall vacancy easing 40 bps to 11.9%. Mumbai led at 26%, followed by Bengaluru and Delhi NCR at 21% each. Domestic retailers drove 79% of demand; international brands surged 48% YoY.
India's top-7 retail leasing hit 3.1 million sq ft in Q1 2026, down 15% QoQ but up 1% YoY. High streets led with 48% share, mall vacancy eased to 11.9%, and domestic retailers anchored 79% of demand.