Chennai records annual transaction volumes of 5.6 mn sq ft in 2022

Chennai records annual transaction volumes of 5.6 mn sq ft in 2022; highest over the last 10 years: Knight Frank India Office completions surged annually by 150% YoY, highest since 2014 Chennai registers annual home sales of 14,248 units in 2022: Knight Frank India Average weighted price witnessed a surge of 6% YoY Chennai, January 10, 2023: In their latest report, Knight Frank India noted that 2022 witnessed a strong mom entum for the Chennai office market, recording the city's best transaction volumes a ten-year period. Strong le asing activities in 2022 helped transaction volumes increase by 45% YoY to 5.6 mn sq ft. Office completions re corded an annual increase of 150% YoY to 4.4 mn sq ft, the highest since 2014. Healthy leasing momentum, in creased occupier confid...