India retail leasing rose 17.6% as Grade A mall vacancy hit 5-year low, resurfacing an April 2026 report
Resurfacing data from early April 2026: gross retail leasing reached 2.4 million sq ft in Q2 2026, led by Delhi NCR, Mumbai and Hyderabad. Mall leasing rose 21.9% year-on-year, while Grade A mall vacancy fell to 5%, tightening premium space and lifting prime high-street rents.
Indian retail leasing rose 17.6% YoY to 2.4 million sq ft in Q2 2026 as Grade A mall vacancies hit a five-year low of 5%. Domestic retailers drove 82.4% of demand, while constrained premium supply lifted high-street rents.
Why this matters
Cushman & Wakefield's Q2 report extends its Q1 signal that Delhi-NCR leasing rose 45% on fashion and F&B demand and its June signal that premium retail rents rose as leasing more than doubled.
retail-company is accelerating, up 1,121,900% QoQ.