New Delhi, Oct 2 (PTI) The Delhi-NCR property market witnessed a 2.5 times jump in net leasing of office spaces during the July-September period on better demand for premium workspaces from corporates, according to Cushman & Wakefield.
Net leasing jumped to 3.79 million (37.9 lakh) square feet in the third quarter of this calendar year from 1.52 million (15.2 lakh) square feet in the year-ago period.
Net absorption is a key indicator of real estate demand, representing the net change in occupied office space.
Delhi-NCR contributed 23 per cent to the total net leasing of office spaces across the top eight cities during the July-September quarter.
Net leasing of office space rose 35 per cent across eight major cities to 16.25 million (162.5 lakh) square feet during the third quarter of t