News > Office space absorption falls by 35% in Chennai: Report

Office space absorption falls by 35% in Chennai: Report

Chennai is the only big city in the country that recorded a fall in office space absorption during the third quarter of 2024, revealed the latest report released by Savills India, a global property advisory firm headquartered in London. As per the report, the city recorded absorption of 1.8 million sqft in Q3 2024. Large-size deals of 1,00,000 million sqft and above continued to dominate the leasing activity, accounting for 42 per cent share.