Continued demand for leasable office spaces driven by BPO – Ayala Land

Ayala Land Inc (ALI), one of the country’s real estate giants, has noted a continued demand for leasable office spaces in the country, driven mainly by the further growth of the business process outsourcing (BPO) industry. To capitalize on the demand, ALI said it seeks to bring its office inventory by the year end to 825,000 square meters from the current 715,000 square meters of gross leasable area. ALI currently develops properties spanning more than 6,000 hectares into economic growth centers similar to the Ayala Center in Makati City, Bonifacio Global City (BGC) in Taguig, Ayala Center Cebu and Nuvali in Laguna. ALI offices head Carol Mills said the higher occupancy it experienced last year is expected to continue this year.