Retail leasing across top 7 Indian cities drops 15% QoQ to 3.1M sq ft in Q1 2026: JLL
JLL data shows Q1 2026 retail leasing fell 15% from Q4 2025's 3.6M sq ft, pinched by thin mall supply of just 0.25M sq ft vs 2.5M a quarter ago. Indian retailers drove 79% of take-up, with fashion (33%), entertainment (16%) and F&B (15%) leading. 46.1M sq ft pipeline eyed through 2030.
JLL reports Q1 2026 retail leasing across top 7 Indian cities fell 15% QoQ to 3.1 million sq ft due to limited new mall supply. Indian retailers drove 79% of volume, led by D2C expansion; fashion led categories at 33%.