India retail leasing rises 17.6% YoY as Grade A mall vacancy hits five-year low
India’s retail leasing reached 2.4 million sq ft in Q2 2026, led by Delhi NCR, Mumbai and Hyderabad. Grade A mall vacancy fell to 5%, while domestic retailers accounted for 82.4% of leasing activity, Cushman & Wakefield said.
India retail leasing rose 17.6% YoY to 2.4 million sq ft in Q2 2026 as Grade A mall vacancies reached a five-year low of 5%. Domestic retailers drove 82.4% of activity, while Delhi NCR, Mumbai and Hyderabad led demand.
Why this matters
Cushman & Wakefield’s Q2 result follows its Q1 report that Delhi-NCR leasing jumped 45% on fashion and F&B demand, while a resurfaced April 2026 report highlighted the same national leasing increase and five-year-low vacancy.
Retail-company signals are accelerating, up 1,122,100% QoQ.
Also reported by
- Fortune India — Same time