BPO sector will sustain momentum and maintain low rents – CBRE

Real estate consultancy and service provider CBRE Philippines remains bullish on the country’s business process outsourcing (BPO) sector, which it says will sustain the momentum and drive for the coming years. Rick Santos, founder, chairman and CEO of CBRE Philippines, said there is no letdown seen in the growth of BPOs in the country. He said the Philippine workforce will continue to drive BPO companies to come to the country and grow quickly. An important factor in the continued strength of BPOs are office rental rates in the Philippines, which remain to be the lowest and best value in Asia— at USD29 per square feet per annum, Santos said.