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Chennai MarketBeat Reports

Suvishesh Valsan • 01/10/2025
Cushman & Wakefield Chennai MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

CURRENT MARKETBEAT

Office Buildings CBD
Chennai Office Report

Chennai office market recorded gross leasing volume of 2.17 MSF, 10% growth over Q1-25. Fresh leasing dominated, contributing 92% to Q2 leasing. Peripheral South led with 33% share, followed by Suburban South (31% share). IT-BPM commanded a 47% share, followed by the BFSI sector (22% share). The city saw 1.22 MSF of new Grade A supply while net absorption rose to 2 MSF, an 84% q-o-q increase. City-wide grade A vacancy stood at 13.85% while overall city-wide rentals grew 6% y-o-y. 

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Shopping Retail
Chennai Retail Report

Chennai recorded retail leasing volumes of ~0.16 MSF in Q3-25, up 8% y-o-y. Main streets dominated with 88% share. F&B led with 24% share, followed by Accessories & Lifestyle (22%) segments. Domestic brands led with 74% share, while international brands captured 26%. Mall leasing stood at 0.02 MSF, with North-west submarket comprising 58% share.

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Warehouse Internal Rack
Chennai Residential Report

Chennai recorded over 6,500 residential unit launches in Q3-25, an 8% y-o-y increase. Southern suburban markets led the activity, with Suburban South II contributing 54% and Suburban South I accounting for 36%. High-end and luxury units dominated with 59% share, a 3.4X increase, while mid-segment accounted for 41%. Mid-segment rentals in Suburban South I and II grew 2-3% q-o-q. Weighted average prices surged in Suburban South I (48%) and Suburban South II (18%), driven by premium launches.

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Warehouse Internal Rack
Chennai Industrial Report

Chennai saw warehouse leasing volumes of 2.1 MSF. The western corridor dominated with over 80% share. Industrial sheds clocked 2.3 MSF of leasing, which is 2.3X the volume of H1-24. Engineering & Manufacturing occupiers comprised 57% of the demand.

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Warehouse Internal Rack
India Capital Market Report

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

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RELATED INSIGHTS

Premiumisation
Research

Premiumisation of India's Retail Sector: Upscaling, Upgrading and Evolving

A young population and its growing wealth are catalysts for India’s retail sector to transition towards Premiumisation.
Suvishesh Valsan • 15/04/2025
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Kolkata – Emergence of a Major Warehousing and Logistics Destination

Kolkata’s emergence as a major national warehousing and warehousing destination over the past few years highlights a significant shift in the city’s and region’s real estate sector and puts it on a firm pedestal for future growth.
06/02/2025
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Insights • Investment / Capital Markets

Mumbai’s Office-SEZs get a new lease of life as leasing volume surge

Mumbai witnessed an unprecedented rise in leasing done in SEZ-designated (Special Economic Zone) buildings with 1.50 MSF of lease transactions recorded in these buildings in 2024.
06/02/2025

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