Delhi NCR office rents to grow by up to 2% beyond 2025

Thanks to rising occupier demand.

According to a Cushman and Wakefield report, between 2023–24, office rents in Delhi NCR showed steady growth, scaling pre-COVID levels.

With annual average supply of around 6.5 msf expected during 2025 and 2026, rentals are expected to witness marginal average growth at ~2.0%, the report said.

“Beyond 2025, rent growth is expected to pick up, at 1.5%–2%, due to rising occupier demand, although it is likely to remain range bound at that level owing to consistent new supply entering the market.”