Incuspaze Expands Footprint in Chennai, Leases 2,50,000 sq ft Standalone Campus

Chennai, April 22, 2025: Flexible workspace provider Incuspaze has leased 2,50,000 square feet at Olympia Crest, Chennai. Olympia Crest is located in the heart of Chennai’s vibrant IT corridor at OMR Zone 1 offering excellent connectivity, infrastructure, and access to a talented workforce.

The office space has the capacity to accommodate more than 4,000 seats, tailored to meet the evolving needs of IT/ITES businesses seeking scalability, connectivity, and a highly efficient work environment. The workspace is spacious with interiors designed to enhance productivity and facilitate collaboration. The campus combines advanced security, elegant yet functional design, and biophilic elements.

“Olympia Crest is a landmark addition to our growing portfolio. This location represents our commitment to offering intelligently designed workspaces that align with the dynamic demands of modern businesses. With its strategic location and premium amenities, this centre sets a new benchmark for flexible office solutions in Chennai,” said Sanjay Choudhary, Founder & CEO, Incuspaze.

A comprehensive range of amenities, including training rooms, conference rooms, meeting spaces, breakout zone, and networking areas available. Additionally, the workspace boasts ample parking, a spacious cafeteria and lounge.

Strategically located just 1 km from Indira Nagar Bus Stop and Metro Station, and 13 km from the airport, the centre offers excellent connectivity to key IT parks, hospitality, and commercial hubs. Surrounded by landmarks like the World Trade Centre, DLF Downtown, and Global Infocity, and supported by ongoing infrastructure upgrades and government initiatives, it’s an ideal destination for enterprises expanding in Chennai’s thriving business landscape.

Office leasing across the top seven markets, including Chennai, remained strong in Q1 2025 at 15.9 million square feet (msf), reflecting a 15 per cent year-on-year (YoY) increase. Chennai witnessed a remarkable 93 per cent YoY surge at 2.9 msf, driven by space take-up by technology firms. Also, Global Capability Centers (GCCs) also viewed Chennai as an attractive location for space take-up led by cost-effective rentals and the presence of quality Grade A stock. Chennai’s commercial real estate momentum is further validated by recent large-scale leasing transactions—Walmart has leased 4.6 lakh square feet for a monthly rent of INR 3.26 crore, while IT services giant LTI Mindtree has taken up 5.85 lakh square feet of office space. These significant deals underscore the city’s rising stature as a strategic destination for global and domestic enterprises alike

In this year, the Incuspaze has added 2.01 msf of office space in Noida, Mumbai Jaipur, Pune, Chennai, Ahemdabad, Bengaluru, and Gurugram. This expansion significantly boosts Incuspaze’s dominant presence in pan India and reaffirms its commitment to meeting the rising demand for flexible workspace solutions.

Established in 2016, Incuspaze has marked its presence in 50 locations across 18 cities with a total portfolio of 4 msf with the aim to revolutionize workspace experiences. Positioned in both Tier I and II cities, Incuspaze distinguishes itself by providing ‘Space a Service’ with seamless integration of technology and real estate. The company’s diverse services cater to enterprises, MSMEs and startups.