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Office demand higher than expected on strong fundamentals: study - Vimarsana News

Office demand higher than expected on strong fundamentals: study

File photo MANILA - Philippine office demand surged in the last quarter of the year registering year-to-date at 539,000 square meters (sqm), or already 38 percent higher than the 2020 figure of 389,000 sqm, supported by strong fundamentals, according to the latest study by Leechiu Property Consultants (LPC). Take-up at year-end will surpass projections despite the peaks and dips in demand that characterized the 2021 office arena, it said. LPC chief executive officer David Leechiu said office demand levels driven by sustained take-ups from information technology-business process management (IT-...

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David LeechiuLeechiu Property ConsultantsFile Photo Manila Philippine Office Demand Surged In The Last Quarter Of Year Registering To Date At 539000 Square Meters Sqm R Already 38 Percent Higher Than The 2020 Figure Of 389000 SqmUpported By Strong FundamentalsCcording To The Latest Study By Leechiu Property Consultants Lpc Take Up At Year End Will Surpass Projections Despite Peaks And Dips In Demand That Characterized 2021 Office ArenaT Said Lpc Chief Executive Officer David Leechiu Office Demand Levels Driven By Sustained Take Ups From Information Technology Business Process Management It Bpms Firms Would Have Been Higher Had Not For Mobility Issues Brought About The Third Quarter Lockdowns Quot Even At Height Of Pandemic In 2020T Bpms Took Up Space We Foresee That They Will Remaina Catalyst Of The Office Segment For As Long Outsourcing Remainsa Viable Solution Recovering Firms In WestUot He Said The Leechiu Study Projected That In Fourth Quarter This YearT Bpms Will Take Up At Least 54000 Sqm Of Office Space It Also Projected That Total 2021 Demand From This Category By Year End Would Register At 229000 Sqm Quot We Are Pleased To Be Seeing New Brands From Among The Captives Looking Offshore And Outsource CountryUot Leechiu Said Other Than BposNline Retail Companies Ore Commerce Will Continue To Drive Growth And Expand Both Office Industrial Requirements The Study Also Cited Surging Demand For Warehousing Meet Logistics Most Slowly Ease Back Business Districts While Maintaininga Portion Of Their Operations Ona Work From Home Basis This Give Rise HybridHe Study Added Pr