Chennai Commercial Real Estate Trends: 2016 & 2017..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, February 05, 2017

Chennai Commercial Real Estate Trends: 2016 & 2017..!

 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


Chennai Commercial Real Estate Trends: 2016 & 2017..! Reviewed by S. Chitra on February 05, 2017 Rating: 5   Chennai Real Estate Trends..! › The city witnessed a record gross absorption of 6 million square feet. (20% y on y growth ) in 2016 ...

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