Archive · 4 Oct 2025
Delhi-NCR Office Leasing Surges, Up 2.5x in Q3
Imagine companies need more office space.
In Delhi-NCR, a lot more companies are renting office spaces this year.
This is because businesses want more space to work in.
From July to September, the amount of new office space rented jumped a lot, like 2.5 times compared to last year!
Across eight big cities, renting office spaces also increased.
The market is doing well, and it's likely to be even better than last year!
Delhi-NCR saw a 2.5 times increase in net office leasing.
Net leasing in Delhi-NCR reached 3.79 million sq ft in Q3.
Net absorption is a key indicator of real estate demand.
Eight major cities experienced a 35% rise in net leasing.
The market is expected to surpass last year's record for annual net absorption.
- Who
- Delhi-NCR property market and eight major cities.
- What
- Witnessed a significant jump in net leasing of office spaces.
- When
- July-September quarter of the current calendar year (Q3) and first nine months of 2023.
- Where
- Delhi-NCR and eight major cities.
- Why
- Driven by increased demand for premium workspaces from corporations.
- Net Leasing Growth (Delhi-NCR, Q3)
- 2.5x
- Net Leasing (Delhi-NCR, Q3)
- 3.79 million sq ft
- Net Leasing (Delhi-NCR, Q3 2022)
- 1.52 million sq ft
- Contribution to Total Leasing (Delhi-NCR)
- 23%
- Net Leasing Growth (8 Major Cities, Q3)
- 35%
- Net Leasing (8 Major Cities, Q3)
- 16.25 million sq ft
- Net Leasing (8 Major Cities, Q3 2022)
- 12.08 million sq ft
- Net Absorption (First 9 Months 2023)
- 44.3 million sq ft
- 2022 Full-Year Net Absorption
- 50.7 million sq ft