Propstack Insights: Chennai office leasing soars in Q1 2017

Chennai recorded leasing volume of 1.5 msf in the first quarter of 2017 – highest for the same period in the last five years.

chennai 1 copy 2

This increase was driven mainly by renewals and expansion of existing tenants such as:


Average rentals in Chennai were between INR 55-60/sf/month. Average deal size for Q1 2016 was 48,000 sf.

chennai 4 copy