Chennai Office Space June 2013 by JLL India..!

Leasing of office space in Chennai city improved moderately supporting occupancy levels during the month. Major transactions in May, 2013 included Siemens leasing space in the pre - toll OMR, Deutsche Bank and Frost and Sullivan's both taking up space in CBD.

Office	Rents	Capital Value
Key Areas	Rs. per sq. ft per month	Rs. per sq ft
Mount Road	60 to 90	9,000 to 15,000
RK Salai	70 to 100	10,000 to 15,000
Pre-toll OMR	40 to 62	5,000 to 6,500
Post-toll OMR	25 to 35	3,500 to 5,000
Guindy	40 to 60	6,000 to 9,000
Ambattur	20 to 32	3,250 to 4,300

Rents continued to remain pressured amid high vacancy and upcoming supply, while capital value saw marginal increase during the May, 2013  month.

For more information about JLL India research

Mr. Ashutosh Limaye

Head, Research and REIS Email: ashutosh.limaye@ap.jll.com

+91 98211 07054

Mr. Trivita Roy

Assistant Vice President, Research trivita.roy@ap.jll.com

+91 40 4040 9100

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