CHENNAI MARKETBEAT REPORTS

Rohan Sharma • 23/01/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Chennai recorded a significant growth in leasing activity, which spiked by 127% q-o-q with the full year gross leasing activity reaching 5.8 msf by end-2019.

Retail: Demand polarisation is clearly visible, with prime, superior-grade mall operating at near 100% occupancy levels, even as the average malls struggle to retain retailers as they continue to cede ground to prime malls and even prominent main streets.

Residential: While, 2019 saw lower residential launches on a y-o-y basis, some positive sentiment was imparted with Q4 witnessing a 48% q-o-q growth in launches. With 2,660 units launched, the quarterly launches were highest for the year.

Industrial: Chennai continues to witness healthy demand traction in multi modal logistics parks, driven by automobile and manufacturing industries while the supply side too is getting strengthened with prominent developers increasing their footprint in the city’s logistics and warehousing sector.

India Investment:  Foreign investors held close to 73% share in investment volumes in 2019; large platforms targeting development of office and industrial assets continue to be formed.

Learn more by clicking our most recent Chennai MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Chennai Office Report

A strong supply pipeline of around 13 msf over the next three years is also likely to play a pivotal role in continuing the momentum going forward.

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Shopping Retail
Chennai Retail Report

Main streets in Chennai continue to remain major centres for retail leasing activity in the city.

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Warehouse Internal Rack
Chennai Residential Report

The mid segment continues to dominate the residential launch market with a 58% share of the total launches in Q4.

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Warehouse Internal Rack
Chennai Industrial Report

Manufacturing and warehousing demand in the South-West corridor drives rental growth. 

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Warehouse Internal Rack
India Investment Report

Private Equity investments at INR 437 bn in 2019, increase of 3% y-o-y.

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