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How long are commercial properties sitting on the market?

1. Office Spaces: Swift Transactions in High-Demand Areas

Chennai’s office market has experienced significant growth, with a 56% year-on-year increase in transactions in Q1 2025, totaling 1.8 million square feet. This surge is primarily driven by Global Capability Centres (GCCs) and flexible workspace operators, which together account for over 75% of leasing activity . High-demand corridors like Old Mahabalipuram Road (OMR) and Pallavaram-Thoraipakkam (PTR) are witnessing quicker turnovers, with properties often being leased within 30 to 60 days 

2. Retail Spaces: High Street Locations Leading the Market

In the retail sector, high street locations are outperforming malls, accounting for over 90% of total leasing activity in early 2025. Areas such as Anna Nagar, Perambur, and Arcot Road are particularly sought after, leading to faster leasing cycles. Properties in these prime locations often secure tenants within 45 to 75 days, reflecting strong consumer footfall and limited supply  

3. Industrial and Warehousing: Steady Demand with Moderate Turnover

Chennai’s industrial and warehousing sectors are experiencing steady demand, especially in submarkets like Oragadam and Madhavaram. The city recorded a 72% growth in warehouse leasing volumes compared to the first half of 2024 . However, due to the specialized nature of these properties, the average time on the market tends to be longer, often ranging from 60 to 90 days, depending on the facility’s specifications and location.​

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