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What is Delhi NCR Office Market Q3 2021 Insights about?

In Q3 2021, Delhi NCR experienced a 40% quarter-on-quarter growth in office leasing, totaling 2.48 million square feet, with IT-BPM companies leading demand. The quarter also saw a significant increase in net absorption to 0.79 million square feet, driven by a rise in co-working space utilization as companies adapt to hybrid work models. Despite the growth, vacancy rates rose to 27.7% due to new supply additions and some downsizing by occupiers.

Author

Anshul

Language

EN