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Chennai MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: The Chennai office market witnessed a healthy leasing volume of 1.69 msf, dominated by fresh leasing contributing to 98% to GLV unlike the previous quarters in the year. IT BPM continued to be the highest contributor with 39%, flexible workspaces and engineering & manufacturing accounting for 28%, cumulatively. The city witnessed a robust leasing activity of 7.68 msf – a 21% growth compared to the previous year. Download the recent Chennai MarketBeat reports below.

Residential: In Q4 2022, Chennai’s residential sector witnessed a launch of 4000+ units, resulting in significant growth of 48% on a q-o-q basis and nearly double the launches recorded at the same time in 2021. Mid-segment continued to dominate unit launches with a 55% share in quarterly launches. Download the recent Chennai MarketBeat reports below.

RetailIn Q4 2022, Chennai’s retail sector witnessed a quantum leap in main street leasing, a leasing volume of 0.11 msf recorded a nearly 2.8X growth from the previous quarter. The leasing activity was mainly driven by F&B retailers with a 31% share followed by fashion & apparel with a 27% share. With high footfalls being recorded in F&B outlets, retailers are on an expansion spree.

Learn more by clicking our most recent Chennai MarketBeat reports below.


Office Buildings CBD
Chennai Office Report

2022 recorded the highest GLV with a growth of 66% compared to the same time in 2021. Prime markets in Chennai are expecting a bulk of the new supply in the coming years, which could lead to a marginal rise in the average rentals.

Click here to download the report

Shopping Retail
Chennai Retail Report

In Q4 2022 mall rentals mostly remained unchanged in Chennai. In the coming quarters, marginal rental strengthening is anticipated, particularly in superior malls amid tight vacancy levels.

Click here to download the report

Warehouse Internal Rack
Chennai Residential Report

In comparison to Q3 2022, conversion rates have been good in Q4 2022. Sales momentum was healthy and ready-to-move-in projects remained the most sought-after by consumers. This quarter also saw a good number of luxury category unit launches compared to the previous quarter.

Click here to download the report

Warehouse Internal Rack
India Investment Report

The third quarter recorded private equity investment inflows of INR 131.2 bn (USD 2.27 bn), a near 1.3x growth in investment receipts as compared to the previous quarter and same period last year (Q3-21).


Warehouse Internal Rack
Chennai Industrial Report

In H1 2022, Chennai witnessed a rise of 14% compared to H2 2021. This incremental rise was ushered by 3PL sectors contributing to 77% of leasing volumes, followed by engineering and manufacturing sectors with 8%. On a y-o-y basis 4-7% of rental appreciation was noted across sub-markets due to a healthy demand mainly from 3PL players.



Insights • Economy

India on the Cusp of Growth: Infrastructure Drivers in the Next Decade

India is at the cusp of growth with the infrastructure sector playing a significant role in economic advancement of the country. The government has been focusing on initiating policies to ensure the creation of world-class infrastructure in a timely manner.
Data Centre India webinar
Insights • Data Center

WEBINAR | The Future of Colocation in a World Undergoing Digital Transformation

Organizations across the world are evolving their flexible work environments by moving their workloads into a mix of on-premises, colocation setups, public cloud, or private cloud solutions. 
Vivek Dahiya • 16/08/2022
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