American companies are the biggest leasers of commercial office space in India, occupying about 45 per cent of the grade ‘A’ space, as they continue to expand operations leveraging the low costs and highly-skilled resource base in the country.
“The long-term average shows that companies from the US lease 40-45 per cent of the grade ‘A’ office space in India. This is followed by domestic companies, which account for 35 per cent of the office real estate absorption,” Ashutosh Limaye, Head of Research & REIS at JLL India, told BusinessLine.