The commercial real estate market of Chennai is expected to hit the 100 million square feet mark by 2026, propelled by high occupier demand, prudent investments, and infrastructure developments Over the last two years, the city has attracted USD 1.19 billion private equity flows underlining its strong status as an investment destination. All of these aspects are likely to push for the Grade-A office spaces, thereby ensuring that the city continues to be the country’s top business hub. A key factor behind this growth is the availability of young, skilled labour at competitive rates. “Chennai offers talented and young manpower at competitive rates, which attracts global companies to set up operations here,” says Karun Verma, senior executive director,  DLF Cyber City Developers Limited. With its young population and solid educational infrastructure, Chennai is a preferred destination for sectors like IT, BFSI, and life sciences. Micro-markets like Porur, Tharamani, and OMR are emerging as prime office locations, experiencing substantial demand. Chennai’s office market has remained resilient, with a 102 per cent increase in net absorption for Q4 2024, completing 1.1 million square feet. Rental growth has been competitive, with an 8-10 per cent year-on-year (YoY) increase in rental rates, reflecting strong investor confidence in the market. “Year-on-year growth of 8-10 per cent in rental rates reflects investor confidence in the market. 

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