Bonifacio Global City emerges as top office location in Q3

The Bonifacio Global City (BCG), a financial district in Taguig, Metro Manila, registered the highest number of occupied office space in Q3 of this year, making it the country’s top office location. In its Q3 2015 Metro Manila Marketview report, property advisor CBRE Philippines said more foreign and local firms expanded and relocated into BGC during the reported quarter. The completion of Net Park and One World Place also attracted more offices to the BGC area, CBRE said. Metro Manila’s office leasing activity continues to be largely driven by the continuous expansion of multinational companies and offshoring and outsourcing firms. Demand for office space in Metro Manila continues to be robust, the CBRE said.