Office space vacancy rate in Chennai in India Q3 2023, by submarket

Published by Sandhya Keelery, Aug 30, 2024
As of the third quarter of 2023, the peripheral south-west market had the highest vacancy rate of about 46 percent. In contrast, the CBD submarket had the lowest vacancy rate of approximately six percent.

Office space vacancy rate in Chennai in India in third quarter 2023, by submarket

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Release date

October 2023

Region

India

Survey time period

Q3 2023

Supplementary notes

CBD includes Anna Salai, Nungambakkam, RK Salai

Off-CBD includes T.Nagar, Alwarpet, Kilpauk, Egmore, Chetpet, Royapettah, Anna Nagar, Kotturpuram

Peripheral South includes Sholinganallur,Thoraipakkam, Navalur, Siruseri,Padur

Suburban South includes Perungudi, Taramani, Thiruvanmiyur, Velachery

South West – Guindy, Ashok Nagar, Vadapalani, Manapakkam, Ekkaduthangal

North West includes Ambattur, Padi, Koyambedu, Arumbakkam

Peripheral South-west includes Singaperumalkoil, Tambaram, Guduvanchery, Perungalathur, Pallavaram.

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