SELECT pct_used FROM sys.index_stats WHERE name = 'indexname';
The percentage of an index's space usage will vary according to how often index keys are inserted, updated, or deleted. Develop a history of an index's average efficiency of space usage by performing the following sequence of operations several times: validating the index, checking PCT_USED, and dropping and re-creating the index. When you find that an index's space usage drops below its average, you can condense the index's space by dropping the index and re-creating or re-building it.
See Also: For information about analyzing an index's structure, see "Analyzing Tables, Indexes, and Clusters" .