Chennai is witnessing shortage of quality office space. Notwithstanding this, office space absorption levels in the city rose to 5.25 million sft in 2016, from 5 million sft in 2015. Engineering and technology giant GE is setting up shop in Chennai. The Fairfield-Connecticut headquartered company will set up a back office and processing centre across 1.7 lakh square feet at Ramanujam IT Park in Taramani.
“GE signed for space a few weeks ago. They want to set up a back office and processing centre,” sources said. GE could not be reached for comment. According to industry benchmarks, a back office usually allocates 50-60 square feet space per employee and 100 sft for software development work. “A 1.7 lakh sft transaction should be encouraging,” sources said.
Read more: TOI
