Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Chennai MarketBeat Reports

06/04/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Learn more by clicking our most recent Chennai MarketBeat reports on the various sectors below.

CURRENT MARKETBEAT

Office Buildings CBD
Chennai Office Report

The city recorded a gross leasing volume of 1.6 million square feet (msf) in Q2-2023, with a significant drop of 24% compared to the previous quarter. Fresh leasing accounted for nearly 89% of the quarterly leasing activity, experiencing a remarkable 78% year-on-year increase. Despite an increase in vacancy levels due to new supply, the city experienced healthy net absorption.

Click here to download the report

Shopping Retail
Chennai Retail Report

Strong leasing activity was recorded at main streets in Chennai, with a 30% q-o-q growth. Departmental stores dominated main street leasing, while the F&B sector led leasing activity in malls. Mall vacancy rates slightly decreased, and marginal rental growth is anticipated in the near term due to limited space availability.

Click here to download the report

Warehouse Internal Rack
Chennai Residential Report

Chennai witnessed healthy residential unit launches in Q2 2023, driven by Suburban South II submarkets. Mid-segment properties dominated with a 53% share, while high-end and luxury segments saw significant growth as well. Marginal price rise was observed, and demand remained strong along metro corridors due to improved infrastructure.

Click here to download the report

Warehouse Internal Rack
Chennai Industrial Report

The warehouse leasing market in Chennai experienced robust growth in H1 2023 compared to H1 2022. The primary driver was the logistics sector accounting for 69% share, followed by engineering & manufacturing at 26%. Strong demand for warehouse space resulted in a rental appreciation of 29% on a y-o-y basis. Industrial leasing recorded a 3X growth in the first half of 2023 compared to last year.

CLICK HERE TO DOWNLOAD THE REPORT

Warehouse Internal Rack
India Investment Report

The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.

CLICK HERE TO DOWNLOAD THE REPORT

RELATED INSIGHTS

card image
Research

The Manufacturing Sector Growth Story of India

Explore and unveil the Growth Story of India's Manufacturing Sector
12/09/2023
Rethinking the office sector
Research • Workplace

Rethinking the office sector in Asia Pacific

Our report takes a deeper dive into the underlying dynamics and drivers across The APAC region’s major markets and provides a roadmap for asset optimisation.
Dominic Brown • 21/06/2023
Podcast: Logistics & Industrial in India (image)
Podcast

Podcast: Logistics & Industrial in India

With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS