Home Economy NCR’s office market records a 61% year-on-year increase in net absorption
Economy - March 13, 2025

NCR’s office market records a 61% year-on-year increase in net absorption

NCR’s office market records a 61% year-on-year increase in net absorption

The NCR office market saw a 61% year-on-year rise in net absorption in 2024, driven by demand from GCCs and the technology sector. Co-working spaces contributed 34% of transactions, while the market experienced rental growth and a slight drop in vacancy rates.

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