Summary: Chennai’s office stock is projected to exceed 100 million sq. ft. by 2026, up from 89 million sq. ft. in December 2024, making it India’s fifth-largest office market. Private equity investments topped Rs. 10,308 crore (US$ 1.19 billion) between 2022-2024, driven by strong demand, infrastructure, and Tamil Nadu’s Rs. 1 trillion economy vision Chennai’s office market, once tech-focused, is expanding into BFSI and life sciences, with the latter absorbing 0.8 million sq. ft. in 2024, a 60% YoY rise. The city ranks third in GCC leasing, hosts 250+ GCCs, and is India’s second-largest data centre hub, driven by its IT presence, coastal location, and strong infrastructure.

Source: IBEF

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