Delhi-NCR 6th most expensive office market in Asia Pacific: Knight Frank

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Delhi-NCR 6th most expensive office market in Asia Pacific: Knight Frank - Business Standard

Quick Summary:

Real estate consultant Knight Frank, in its latest edition of the Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2024, said Delhi-NCR is the 6th most expensive office space rental market across the APAC region.

Delhi-NCR is the sixth most expensive office location in the Asia Pacific region, with an average monthly rental of Rs 340 per sq ft, while Mumbai ranked eighth in the list, according to Knight Frank India.

Prime rents in the NCR remained stable in Q3 2024, while Mumbai and Bengaluru saw year-on-year (YoY) increases of 5 per cent and 3 per cent, respectively, driven by strong demand from corporates and limited new supply.