New Delhi, Sep 10 (TIWN) Delhi-NCR has around 23 million square feet of strata office market, valued at Rs 25,450 crore, according to a JLL report.

Strata offices refer to multi-owned commercial buildings which are sold by developers to various owners and real estate investors.  The Mumbai Metropolitan Region (MMR) has the highest leased space with 49 mn sq ft of stock valued at Rs 88,700 crore. Legacy office spaces, demand from medium-sized firms and presence of High Net Worth Individuals (HNIs) have led to more availability of Grade-A strata space in the area.