Delhi-NCR Sees 25% Surge in Retail Space Leasing in H1 2025
Leasing of retail spaces in shopping malls and high-streets across Delhi-NCR saw a significant 25% increase in the January-June period, driven by better demand and higher new supply, according to CBRE. The real estate consultant's data shows that the Delhi-NCR market saw leasing of 5 lakh sq ft retail spaces in the first half of 2025, compared to 4 lakh sq ft in the same period last year.
Fashion and apparel segment was a major driver of demand, accounting for 35% of the total leasing across Delhi-NCR. Homeware and departmental stores also played a significant role, taking up 30% of the retail spaces. CBRE's data pertains to leasing in investment-grade shopping malls, high streets, and standalone developments.
The fresh supply of retail spaces in shopping malls stood at 3 lakh sq ft during the first half of 2025, a notable improvement from the zero new supply in the corresponding period of the previous year. This increase in supply has helped to meet the growing demand for retail spaces in the region.
Commenting on the trend, Ankit Sharma, SVP-Leasing at Elan Group, said, 'Retail is no longer just about transactions; it is about creating vibrant destinations that connect communities, inspire engagement, and elevate everyday life.' The Gurugram-based Elan Group has developed several retail real estate projects in the region.
Gaurav Bansal, AVP and Head Leasing at Trehan Iris, added, 'The strong momentum in retail leasing and supply during H1 reflects the sector's resilience and evolving consumer demand. With rising footfalls, robust spending patterns, and a preference for experience-led destinations, retailers are actively expanding their presence across prime and emerging markets.'
The data from CBRE highlights the growing importance of retail spaces in Delhi-NCR, driven by consumer preferences for experiential shopping and the need for vibrant, community-focused destinations. This trend is expected to continue as more retailers look to expand their footprint in the region, driven by the increasing demand for high-quality retail spaces.
