Davao office segment to grow in 2021

Davao office segment to grow in 2021

Davao-based real estate developer Damosa Land Inc. said the country’s industrial and office leasing segments can expect to post considerable growth next year, mainly due to the expansion of business process outsourcing (BPO) companies like SixEleven Global Teleservices.

During The Manila Times’ “Maximizing and Monetizing: Structures and Spaces” online forum, Damosa Land Inc. First Vice President Ricardo Lagdameo called the office segment one of the “biggest drivers for growth,” especially in Davao City.

“Common consensus is that a lot of these companies will be looking outside of Metro Manila to either set up a new office or to expand their existing offices” because of cost efficiencies, Lagdameo said.

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