Resurfacing Q1 2026 data: Delhi-NCR retail leasing jumped 45% as fashion and F&B chased quality space
Revisiting figures from Q1 2026, Delhi-NCR had leased 0.59 million sq ft of retail space, up from 0.41 million sq ft a year earlier. Malls accounted for 64% of activity, while the region captured 30% of leasing across the top eight cities despite a 10% national decline.
Delhi-NCR retail leasing rose 45% year-on-year to 0.59 million sq ft in Q1 2026, led by fashion and F&B demand. Malls accounted for 64% of activity as constrained supply of quality space kept organised retailers competing for locations.
Why this matters
The Q1 2026 rebound extends recent Delhi-NCR signals: a December 2024 report flagged rising leasing and rents alongside a 27 million sq ft pipeline, while a resurfaced 2024 update also linked leasing growth to rent gains and expansion plans through 2028.
retail-company is accelerating, up 386300% QoQ.