Incuspaze, a flexible work space supplier, has leased 2.50 Lakh SQ in Olympia Crest, in the Chennai corridor in Zone 1 of OMR. The office space has the ability to accommodate more than 4000 AAY business seats.
Surrounded by reference points such as the World Trade Center, DLF Downtown and Global Infocity, and with the support of onfrastructure updates and government initiatives, Incuspaze sees Olympia Crest as an ideal destination for companies that expand.
Office Market
The lease of the office in the seven main markets, including Chennai, remained strong in the first quarter of 2025 to 15.9 million square feet, reflecting an increase of 15 % year -on -year (interannual). Chennai witnessed an increase of 93 percent ALY to 2.9 square feet, driven by spatial collection by technology companies.
In addition, the Global Capacity Centers (GCC) saw Chennai as an attractive location for space collection directed by profitable rentals and the presence of quality A quality actions.
The impulse of commercial real estate of Chennai is validated even more for the recent large -scale lease transactions that Walmart has leased 4.6 Lakh square feet for a monthly rent or $ 3.26 million
Posted on April 21, 2025