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Delhi's office market saw a 61% rise in net absorption in 2024, driven by tech firms and co-working spaces.
The Delhi National Capital Region (NCR) office market saw a 61% increase in net absorption to 9.5 million square feet in 2024, fueled by demand from Global Capability Centers and technology firms.
Co-working spaces accounted for 34% of transactions, while new office completions fell by 22%.
The average office rental rate rose 5% to Rs 86 per sq ft per month.
Anarock predicts continued positive growth in India's office market for 2025, driven by economic recovery and tech sector expansion.
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El mercado de oficinas de Delhi registró un aumento del 61% en la absorción neta en 2024, impulsado por empresas tecnológicas y espacios de co-trabajo.