<p>New Delhi: Delhi-NCR is the sixth most expensive market among Asia Pacific's prime office markets with an annual occupancy cost of $78.4 per square foot during the July-September period, according to Knight Frank.</p>.<p>Occupancy cost includes rent, local taxes and other charges.</p>.<p>Real estate consultant Knight Frank has released its Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2023.</p>.<p>Hong Kong SAR continued to be APAC's most expensive office market during the quarter with an occupancy cost of $164.7 per square foot per year.</p>.Delhi excise policy 'scam': SC to pronounce verdict on Manish Sisodia's bail pleas on Oct 3.<p>Mumbai was the ninth most expensive commercial market in the APAC region with an annual occupancy cost of $70.5 per square foot.</p>.<p>Occupancy cost of prime office space in Bengaluru was $36.1 per square foot per year and the city was ranked 19th out of 23 cities tracked across the APAC region.</p>.<p>Singapore was the second most expensive followed by Sydney, Tokyo and Seoul. Beijing ranked seventh, Ho Chi Minh City eighth and Shanghai 10th.</p>.<p>"Demand for office space in India's largest occupier markets remained strong with over 7,00,000 square metre of leases sealed during the quarter," the report said.</p>.<p>Heightened activity by occupiers setting up Global Capability Centres (GCC) constituted the majority of demand, it added.</p>.<p>While transaction volumes have grown, the consultant said that rental levels remained stable across its three largest occupier markets as landlords focused on raising occupancy levels.</p>
<p>New Delhi: Delhi-NCR is the sixth most expensive market among Asia Pacific's prime office markets with an annual occupancy cost of $78.4 per square foot during the July-September period, according to Knight Frank.</p>.<p>Occupancy cost includes rent, local taxes and other charges.</p>.<p>Real estate consultant Knight Frank has released its Asia-Pacific Prime Office Rental Index for Q3 (July-September) 2023.</p>.<p>Hong Kong SAR continued to be APAC's most expensive office market during the quarter with an occupancy cost of $164.7 per square foot per year.</p>.Delhi excise policy 'scam': SC to pronounce verdict on Manish Sisodia's bail pleas on Oct 3.<p>Mumbai was the ninth most expensive commercial market in the APAC region with an annual occupancy cost of $70.5 per square foot.</p>.<p>Occupancy cost of prime office space in Bengaluru was $36.1 per square foot per year and the city was ranked 19th out of 23 cities tracked across the APAC region.</p>.<p>Singapore was the second most expensive followed by Sydney, Tokyo and Seoul. Beijing ranked seventh, Ho Chi Minh City eighth and Shanghai 10th.</p>.<p>"Demand for office space in India's largest occupier markets remained strong with over 7,00,000 square metre of leases sealed during the quarter," the report said.</p>.<p>Heightened activity by occupiers setting up Global Capability Centres (GCC) constituted the majority of demand, it added.</p>.<p>While transaction volumes have grown, the consultant said that rental levels remained stable across its three largest occupier markets as landlords focused on raising occupancy levels.</p>