Chennai's commercial real estate market is experiencing its strongest year ever, with office leasing reaching a 20-year high of 5.2 million square feet year-to-date, driven by multinational expansion and surging demand from technology and BFSI sectors.

WeWork India leases 22,700 sq ft premium office space to global SaaS platform Chargebee at Chennai's Ramanujan Intellion Park, strengthening its presence in South India's key technology corridor.

India's six premier office markets achieved unprecedented 65 million sq ft leasing volumes in FY2025, marking 14% growth driven by GCCs, BFSI sector, and flexible workspace operators across Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune.

India's office leasing market surged 11% YoY to 178 lakh sq ft in Q2 2025. Bengaluru, Chennai, Delhi-NCR lead growth while Mumbai faces slowdown. Complete market analysis inside.

Bengaluru dominates India office market with 27% share and 4.8 million sq ft leasing. Hyderabad, Mumbai, Chennai show strong growth. Office demand expected to reach 65-70 million sq ft annually.

Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.

Amazon Development Centre India has renewed its lease for a Chennai office facility of approximately 50,000 square feet.