• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » BPO shift to provinces may affect Makati, Ortigas offices

BPO shift to provinces may affect Makati, Ortigas offices

BPO shift affect Makati, Ortigas
Photo from Jonathan Cellona/ BusinessWorld

MANILA, PHILIPPINES — The office market in Makati and Ortigas could see a drop in tenants if Business Process Outsourcing (BPO) companies would continue moving to provinces. 

According to commercial real estate agency KMC Savills, an oversupply of office spaces could be expected in both areas “if office demand from the BPO sector loses steam in favor of provincial markets.”

The firm added that companies are also looking for greener and newer buildings to move to for their operations. 

Still, KMC reported that Metro Manila’s office market, as a whole, is on its path of recovery as it ended 2022 with a net absorption of 270,900 square meters (sq.m.). 

“More than a third of net demand was recorded in the fourth quarter of 2022 as rents continued to decline,” KMC Savills noted.

“We forecast net absorption to slightly increase in 2023 but may be isolated in the top submarkets,” the report added.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image