Chennai Market Watch | Office Year-End 2024

Chennai Market Watch | Office Year-End 2024

In 2024, Chennai experienced a slight decline in leasing activity, with a gross absorption of 8.3 mn sq. ft. The tech sector led the demand with a significant 45% market share followed by flexible workspaces at 15% and BFSI at 14%. The small deal segment rose sharply from 12% in the previous year to 26% in 2024.  

Major traction in office leasing was seen in the OMR Zone 1 and MPR micromarkets, accounting for 29% and 26% respectively of the total market share. 

Stay updated with more trends and developments from the city in our report, Chennai Market Watch | Office Year End 2024.

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