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Delhi-NCR office market absorbs 9.5 million sq ft in 2024, boosted by tech and co-working demand.
The Delhi-NCR office market saw a 61% increase in net office absorption in 2024, reaching 9.5 million square feet, driven largely by demand from Global Capability Centers and the technology sector.
Co-working spaces now account for 34% of transactions, up from 28% the previous year, while IT-ITeS sector share fell to 29%.
Office rental rates in NCR rose by 5% to Rs 86/sq ft/month, indicating a robust market recovery.
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El mercado de oficinas de Delhi-NCR absorbe 9,5 millones de pies cuadrados en 2024, impulsado por la tecnología y la demanda de co-working.