Unattractive office spaces at Manesar, Gr Noida, parts of NH-8 take Delhi-NCR vacancy rate to 32%

Office space inventory at peripheral locations such as Manesar, Greater Noida and the extended parts of NH-8 has lead to nearly one-third, or about 32%, of quality office space in Delhi NCR remaining vacant, according to a property consultancy. However, the picture isn’t that bad if these locations are excluded. Delhi NCR’s office vacancy rate significantly drops to just 25% if Manesar, Greater Noida and the still-emerging Golf Course Extension Road are excluded from the calculations. However, the region loses a mere 11% from its total Grade A stock of 95 million square feet.

Read more: Economic Times