BPO dominates office space occupancy in Davao

Companies involved in business process outsourcing (BPO) dominate most occupied office space in Davao City. For instance, Lumawag in Davao City, a branch of Regus, an international workplace provider, is almost fully occupied with a 96 percent occupancy rate last 2017, with BPO firms as its top renting sector. Lars Wittig, Regus Philippines country manager, attributed the high occupancy to the economic growth in Davao, which outranks Metro Manila and is currently enjoying a higher-than-the-national-average economic performance based on last year’s business report.