{"id":1411,"date":"2017-03-21T14:41:38","date_gmt":"2017-03-21T09:11:38","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1411"},"modified":"2017-03-21T14:54:23","modified_gmt":"2017-03-21T09:24:23","slug":"propstack-insights-chennai-office-leasing-soars-in-q1-2017","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/propstack-insights-chennai-office-leasing-soars-in-q1-2017\/","title":{"rendered":"Propstack Insights: Chennai office leasing soars in Q1 2017"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Chennai recorded leasing volume of 1.5 msf in the first quarter of 2017 &#8211; highest for the same period in the last five years.<\/strong><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1412\" src=\"https:\/\/propstack.onalpha.co\/wp-content\/uploads\/2017\/03\/chennai-1-copy-2.jpg\" alt=\"chennai 1 copy 2\" width=\"600\" height=\"286\" srcset=\"https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/chennai-1-copy-2.jpg 600w, https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/chennai-1-copy-2-300x143.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>This increase was driven mainly by renewals and expansion of existing tenants such as:<\/strong><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1416\" src=\"https:\/\/propstack.onalpha.co\/wp-content\/uploads\/2017\/03\/logos.jpg\" alt=\"logos\" width=\"600\" height=\"75\" srcset=\"https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/logos.jpg 600w, https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/logos-300x38.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Average rentals in Chennai were\u00a0between INR 55-60\/sf\/month. Average deal size for Q1 2016 was 48,000 sf.<\/strong><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1414\" src=\"https:\/\/propstack.onalpha.co\/wp-content\/uploads\/2017\/03\/chennai-4-copy.jpg\" alt=\"chennai 4 copy\" width=\"600\" height=\"117\" srcset=\"https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/chennai-4-copy.jpg 600w, https:\/\/www.propstack.com\/news\/wp-content\/uploads\/2017\/03\/chennai-4-copy-300x59.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai recorded leasing volume of 1.5 msf in the first quarter of 2017 &#8211; highest for the same period in the last five years. This increase was driven mainly by renewals and expansion of existing tenants such as: Average rentals in Chennai were\u00a0between INR 55-60\/sf\/month. Average deal size for Q1 2016 was 48,000 sf.<\/p>\n","protected":false},"author":4,"featured_media":1412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,13,18,20,28,16],"tags":[179,169,177,107,128],"class_list":["post-1411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chennai","category-companies","category-deals","category-lease","category-market","category-propstack","tag-179","tag-cre","tag-insights","tag-office-deals","tag-propstack"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1411"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1411\/revisions"}],"predecessor-version":[{"id":1417,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1411\/revisions\/1417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media\/1412"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}