The Largest Office Space Occupiers in 2015

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IT Firms Biggest Office Occupiers in 2015
Commercial Office Bangalore
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Occupiers of 2015

• IT services firms continued to be the largest
  occupiers of office space in the country in 2015.
• Tata Consultancy Services,overtook consultancy
  firm Deloitte in 2015 as the largest office space
  occupier.
• TCS occupied 1.8 million sq ft space in Mumbai
  during the year, while Deloitte took 1.3 million
  sq ft space in Hyderabad in 2014.

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According to the property advisory firm, IT and
ITeS firms accounted for 56 of the demand for
office space in 2015.While other sectors such
as banking and financial services, engineering
and manufacturing, and e-commerce collectively
contributed about 29 to the total leased space
during the year.This will be the slowest pace
of growth for these companies since the global
financial crisis of 2008.
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Location Took By Companies

• DLF said it managed to find takers for its entire
  8.5 lakh sq ft One Horizon Centre in Gurgaon.
• Leased 40 of 5 lakh sq ft office space launched
  in Chennai recently.
• Large transactions in 2015 included Accenture
  alone taking 4 lakh sq ft in Hyderabad and 3.5
  lakh sq ft office space in Chennai.
• Qualcomm, which took 3.8 lakh sq ft in Hyderabad
  and Oracle,which took 4 lakh sq ft space in
  Bengaluru. Siemens took 3.5 lakh sq ft space in
  Pune.

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India's office space absorption in 2015 stood at
35 m sq ft, the second-highest figure since
2011.The demand for office space in 2011 came
from occupiers taking advantage of low rents
after the global financial crisis. This year we
will also see demand for build-to-suit
properties, especially from the larger IT
occupiers.While the absorption in 2015 is
similar to 2011, it is distributed across new and
old buildings previously it was largely in newly
completed buildings.
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Reference

• http//www.commercialofficebangalore.com
• http//timesofindia.indiatimes.com/tech/tech-news/
  IT-ITeS-firms-biggest-office-occupiers-in-2015/art
  icleshow/50544350.cms

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