Chennai office market
The office market of the top six cities have been recovering steadily over the last two years, with vacancy levels dropping from 21% in H2 2012 to less than 19% in H1 2014. This has primarily been led by the gradual increase in absorption across the top six cities – Mumbai, NCR, Bengaluru, Pune, Chennai [...] Continue Reading »
Chennai office market has changed in nature as it has shifted from being absolutely IT/ITES dominated to more diversified occupier base. According to a survey by Knight Frank India, emergence of newer sectors have boosted the city’s office market. Although IT/ITES sector continues to be affected by economic constraints, leasing levels should remain firm and [...] Continue Reading »
