Lower rents, rising demand: Chennai office vacancy falls below 10% as GCC demand outpaces supply
Chennai's office market vacancy has dropped to single digits, driven by high demand. Global Capability Centres are significantly contributing to this sustained leasing activity. The city offers substantially lower occupancy costs compared to other major Indian hubs. Chennai also boasts the lowest voluntary attrition rates among Tier-I GCC locations. This trend positions Chennai as a cost-effective and stable destination for businesses.
Chennai's office market vacancy has dropped to single digits, driven by high demand. Global Capability Centres are significantly contributing to this sustained leasing activity. The city offers substantially lower occupancy costs compared to other major Indian hubs. Chennai also boasts the lowest voluntary attrition rates among Tier-I GCC locations. This trend positions Chennai as a cost-effective and stable destination for businesses.
