Chennai’s GCC office space transactions surge 176% in 2023- Republic World

Commercial real estate | Image:Pixabay

Chennai’s commercial realty rise: The commercial real estate market in Chennai witnessed a surge in Global Capacity Centres (GCC) focused transactions during 2023. The total area transacted for GCC-oriented office spaces reached 6.02 million sq ft across 71 deals, marking a substantial 176 per cent year-on-year (YoY) increase, according to a report by Knight Frank.

BFSI leads, manufacturing follows

Amongst these, the Banking, Financial Services, and Insurance (BFSI) segment emerged as a frontrunner,…