About Chennai – The Gateway to South India’s Business Landscape

Chennai, the capital city of Tamil Nadu, is one of the main industrial and commercial centers of India. It has several IT parks with a productive business environment, as well as various automobile manufacturing centers, logistics centers, and finance companies. All of which play an essential part in the economic growth of the nation. Chennai is an integral part of India’s Global Capability Centre (GCC) ecosystem, with currently more than 250 GCCs located there and more than 150,000 professionals working in these GCCs. This makes up around 11 per cent of the total talent pool of the GCC in the whole country.

Chennai is a place where many multinational companies, Fortune 500 companies, as well as startups, are located. The recognition of Chennai as one of the top five IT hubs in the country is a testament to that city’s significant position in the IT industry. In the year 2024, Chennai observed a leasing of over six million square feet of office space. This is an indication that the place is being recognized as a leader in the corporate world.

Chennai is the top choice for businesses looking for flexible, scalable, and affordable office space because of its sound infrastructure, uninterrupted power supply, and expandable metro network. 

Office Space for Rent Pricing in Chennai

There is a wide selection of office space for rent in Chennai that can be very suitable for startups, SMEs, and large enterprises. There are many options in the various Chennai office rental markets. You will find high-end business districts like OMR alongside more budget-friendly zones such as Ambattur. Many factors contribute to this huge level of variation in the prices of office space for rent in Chennai, including location, categories of buildings, and the facilities that they have. 

Here’s an overview of average office space rental prices in key Chennai micro-markets:

Note: These prices can go up or down, as they are not fixed and depend on the quality of the building (A, B, or C), the level of the floor on which it is, the furniture (bare shell, semi-furnished, or fully furnished), and the extras, like parking area, backup power supply, and security.

Businesses looking for office space for rent in Chennai should also think about the distance to the metro, the availability where food courts and banks are available, and the locals’ opinion. All of these can change the prices.

Best Office Spaces for Rent in Chennai

Here are some of the top office spaces for rent in Chennai:

1. DLF IT SEZ – Block 1A, Porur

In Manapakkam, Block 1A is a self-sufficient business tower located on Mount Poonamallee Road, the core of Chennai’s IT corridor. This space has 59,000 sq. ft. that is allocated to 7 floors. This office space for rent in Chennai has well-established infrastructure, environmental safety measures, as well as accessibility to highways, the airport, and vital business centers.

2. DLF IT SEZ – Block 1B, Porur

The 10-story tower has 41,000 sq. ft. of commercial space of Grade-A quality. Specifically, featuring state-of-the-art technology and energy-saving equipment, Block 1B offers options to companies that are in search of an expandable and movable office in the vast IT area. This space has a direct connection to public transport and infrastructure.

3. DLF IT SEZ – Block 1C, Porur

Block 1C is a 70,000 sq. ft. structure with a 9-floor layout. As the same significant strategic benefits have its neighboring towers, it is also a fully integrated business environment that is ideal for tech startups, mid-sized firms, and big enterprises, too.

4. DLF IT SEZ – Block 2, Porur

Block 2 is an office tower that extends over 11 floors and is 44,000 sq. ft. in size. It comes with some of the best amenities, a lot of parking space, and a work environment that is the epitome of professionalism. This space is made to provide good infrastructure, great connectivity, and also to meet the needs of a large number of teams.

5. DLF IT SEZ – Block 3, Porur

This 74,000 square foot stand-alone commercial building is ideal for expanding businesses that require big, open floors and stylish amenities. It is designed with energy-saving features. The location ensures the easiest and quickest access to transportation, the airport, and the tech parks in the vicinity.

6. Olympia Tech Park – Altius, Guindy

At 56,000 sq. ft., Olympia Tech Park, Altius is a significant building that provides the IT Industry a Grade-A commercial space. It is located at a place that is well-connected by the metro lines and highways and is enclosed in the vicinity of several top-level companies. This is why it is the first preference of the fast-growing companies to meet their needs.

Top Locations for Office Space for Rent in Chennai

Here are some of the most in-demand locations for office rentals in Chennai:

1. Guindy

Guindy is widely recognized as one of the main commercial and industrial centers in Chennai. Some of the major IT parks like Olympia Tech Park and Kochar Bliss are based here. With the latest infrastructure and many business services, it is very easy to find premium office spaces. The location is packed with an excellent transportation system-like the airport, metro stations, and major highways, a beneficial situation that is ideal for IT/ITES firms and corporate offices.

2. Anna Salai (Mount Road)

One of the major business districts in Chennai, Anna Salai, also known as Mount Road, has several well-known commercial buildings such as Raheja Towers, Express Avenue, and Guna Complex. Its easy access to important business locations and metro stations has made it a favorite place for corporate offices, IT firms, and financial institutions.

3. Porur

The DLF IT SEZ is a huge IT Park located in the Porur area and is considered an upcoming IT corridor in Chennai. The Porur area is a perfect area to have big offices of multinational companies and tech enterprises. It is a location that is reachable and close to the airport and also to other major parts of the city.

4. Velachery

Velachery, situated in the southern part of Chennai, is an area that is quickly evolving into a residential and commercial hub. The setting provides a variety of workspaces, from traditional offices to the modern concept of coworking spaces. This area is in demand because of its flexibility and comfort. Velachery is a well-connected locality with the road and rail network, which makes it easier for the residents to commute to their workplaces daily.

5. Anna Nagar

Anna Nagar is a very well-planned residential area that has also become very popular as a commercial hub. Many coworking places are available there, offering the latest accessories for working, high-speed internet, and fruitful work with people, which makes the area suitable for freelancers and emerging businesses.

6. Nungambakkam

Nungambakkam is an eminent neighborhood in Chennai, famous for its high-end businesses and offices. It has top-quality office space for rent in Chennai for corporate headquarters, law firms, and consultancies. The locality has a network of good transport network and facilitates the establishment of firms in a professional way.

7. T. Nagar

T. Nagar is mainly famous for retail markets, although it is also home to many commercial office spaces. The location of the place and the lively environment make it a perfect choice for businesses that expect a lot of people to come through, e.g., consultancies and service providers.

Estimated Deposit for Office Space and Commercial Leasing in Chennai

If businesses check the options for office space for rent in Chennai, it becomes crucial for them to be aware of the security deposit requirement, which is a vital part of the leasing process. Normally, the deposit amount is from 3 to 6 months’ rent, although this may show variability according to different significant factors.

These may be such things as:

• Whether the office is furnished or unfurnished
• The duration of the lease
• The site and demand in the locale
• Furthermore, whether there are additional services provided (e.g., internet, maintenance, or administration services)

As an example, if one is renting an office space in Guindy or Anna Salai for ₹50,000 per month, then they could plan for the security deposit to be not less than ₹1,50,000 and as high as ₹3,00,000, depending on the conditions and amenities.

Office rent security deposit equally goes for all the office types, including private offices, managed office spaces, and standard commercial leases. One of the most important things to be careful about while looking at the terms of a lease of office space in Chennai is always the security deposit clause and refund terms at the end of the lease.

Knowing these details in advance will prevent you from falling into the trap of last-minute surprises and will make your leasing process clear and transparent. In case of availing a rental in Teynampet, Velachery, or Thoraipakkam, knowing the deposit requirements will enable you to arrange your business finances wisely.

Why Choose myHQ to Book an Office Space for Rent in Chennai?

Are you looking for a stress-free way of renting your dream office space in Chennai? If so, myHQ by ANAROCK is exactly what you need! They help in a smooth and convenient discovery of the best workspaces in the city. The user-friendly step-by-step office search feature will take you to the office space that is well-suited and within your budget. myHQ enables freelancers and small business owners to set up their workspace.

Here’s why myHQ is the smart choice for office space for rent in Chennai:

• Zero Brokerage Fee – Feel free not to think about paying extra or hidden charges. myHQ ensures that you only pay for what you see.
• 100% Verified Properties – Choose only from trustworthy properties, which are screened for safety, quality, and amenities.
•  Your Own Office Consultant – Receive personalized help from professionals who are knowledgeable about your business requirements and financial capabilities.
• Largest Network of Commercial Workspaces – Browse among thousands of alternatives, from coworking seats to even the whole managed office floors.
• Backed by ANAROCK – myHQ is enabled by ANAROCK, which is one of the most trusted and reliable real estate consultancies in India.

Whether you need a single desk or a full floor, myHQ can help you find the right office space for rent in Chennai without the stress.

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