News » BPOs expected to drive office market demand

BPOs expected to drive office market demand

BPOs expected to drive demand for office market

Due to projected lower rents and increased available supply, property consultancy Lobien Realty Group (LRG) is expecting the office market demand to rebound.

In a report, LRG said it expects an increase in demand for space from the business process outsourcing (BPO) sector as 50 per cent of the players are experiencing growth, with global companies seeking more cost leverage.

Currently, BPOs lead the demand drive for office space in Metro Manila representing approximately 32 per cent. The sector is followed by gaming, with 29 per cent, while other industries comprise about 38 per cent.

Metro Manila’s current vacancy is currently at 6.4%, while the vacancy rate in the office market across all provincial business districts is much higher at 16 per cent.

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.