Chennai emerges as India’s fastest-growing GCC hub as lower office costs attract global companies

Chennai currently has 120 million square feet (msf) of Grade A/A+ office stock, with another 42 msf under development. Office demand is outpacing supply by 1.8 times, while vacancy has declined to 9.9 percent from a peak of 15.8 percent. Chennai emerges as India’s fastest-growing GCC hub as lower office costs attract global companies