Chennai's GCC office leasing forecast to double by 2025, driven by talent and policy incentives.

CBRE forecasts that Chennai's office space leased by Global Capability Centers (GCCs) will reach 3-3.2 million square feet by 2025, more than doubling from 2022 levels. The city, currently home to around 250 GCCs, is projected to have 450-460 by 2030, with the talent pool expanding to 320,000-370,000 professionals. Key drivers include abundant office space, skilled talent, and policy incentives. GCC leasing ranks third in India, behind Bengaluru and Hyderabad.

November 27, 2024
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