Delhi-NCR is ranked tenth within the listing of the most costly workplace markets in Asia Pacific, in line with Knight Frank.
In its Asia-Pacific Prime Office Rental Index for Q2 (April-June) 2022, actual property marketing consultant Knight Frank stated the prime headline hire of business workplace house in Delhi-NCR was recorded at $51.6 per sq. ft yearly.
Hong Kong SAR is the most costly workplace market in APAC with an annual hire of $175.4 per sq ft.
Mumbai is within the eleventh place with an annual hire of $45.8 per sq. foot, whereas Bengaluru is ranked twenty second within the listing of 23 cities that lead with an annual hire of $20.5 per sq. foot.
Bengaluru witnessed the very best prime workplace rental proportion enhance of 12.1 % year-on-year in Q2 of 2022 calendar 12 months.
Shishir Baijal, Chairman and Managing Director, Knight Frank India stated, “As the financial system stabilizes post-pandemic, there is a rise in new hiring throughout most industries together with a transfer in direction of returning to the workplace which is driving demand for workplace in India.”
According to the listing, Sydney is in second place, adopted by Singapore, Tokyo, HCMC (Ho Chi Minh City), Beijing, Melbourne, Perth and Brisbane in that order.
Kuala Lumpur is the least costly with an annual hire of $15.6 per sq. foot.
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