Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.