IT-BPM sector’s office demand grew by 38%
The local information technology and business process management (IT-BPM) sector, which holds a 37% share in total office transactions across the Philippines has been fuelling the growth of the Philippine office market amid the pandemic.
According to real estate firm Colliers Philippines, there has been a 38% (28,000 sqm) growth in total IT-BPM office transactions across the country during the second half of 2020 and first half of 2021.
Colliers also noted that 85% (87,600sqm) of the total IT-BPM transactions are in PEZA (Philippine Economic Zone Authority) ecozones.
