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Demand for office space in the Philippines hit its highest level since the start of the pandemic in January 2020 at 313,000 square meters (sqm) during the third quarter of 2022 as the IT-BPM sector is seen to continue expanding. A study by Leechiu Property Consultants (LPC) also noted that the thi
INCREASED DEMAND. Demand for office spaces rises significantly in the second quarter of 2022, driven by the IT-BPM sector. Leechiu Property Consultants officials said increased requirements for services of the business process outsourcing (BPO) sector are boosting firms' needs to add office spaces. (PNA file photo) MANILA - The information technology-business process management (IT-BPM) sector drove office demand in the Philippines' real estate sector in the second quarter of 2022, officials of a real estate brokerage services firm said. In a virtual briefing on Wednesday, Leechiu Prop...
IT-Business Process Outsourcing companies and industry stakeholders echoed the call of the Philippine Economic Zone Authority to lift the ban on new economic zone development in Metro Manila.
The 67-percent price appreciation to date since the launching of AREIT shares and four subsequent Real Estate Investment Trust (REIT) listings by the largest national developers have compelled savvy investors to seriously consider this alternative investment option, according to Roy Golez, research and consultancy director of Leechiu Property Consultants (LPC).…