BPO further buoys office space demand – Colliers

Real estate consultancy Colliers International said the business process outsourcing (BPO) industry continues to propel the growth of the country’s office property market in Q2. In its quarterly market review, Colliers said the Philippine office property market maintained high occupancy levels in the quarter ending June, with the BPO industry sustaining the growth. Colliers director Julius Guevara said some 75,000 square meters of new office net usable area was completed during in Q2, bringing Metro Manila’s office stock to around 7.7 million square meters.