Chennai Real Estate Trends..!
› The city witnessed a
record gross absorption of 6 million square feet. (20% y on y growth ) in 2016
› Lack of Supply in the
growth corridors and within the city, hence market has shifted towards Landlord
Favorable Conditions.
› Trend witnessed is
that occupiers opting for Built To Suit options considering limited
availability of office space for the next few years.
› The market is
expected to Remain Landlord Favourable owing to Low Vacancy Rate until 2017.
› Occupier Demand
expected to rise due to limited availability of ready space
› No major supply
expected to be coming in until 2018 2017 – 20 Projection :
› 12 Mn squre feet is
projected to come into the market
› Trend for occupiers
to pre lease and secure built to suit options as per requirement and
asset class at competitive rentals
› Market
expected to be a Tenant Favouring market if the proposed projects are
completed
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