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

News » IT-BPM to increase demand for ‘plug-and-play’ office spaces

IT-BPM to increase demand for ‘plug-and-play’ office spaces

MANILA, PHILIPPINES — The information technology business management (IT-BPM) sector’s work-from-home (WFH) arrangements are seen to boost the demand for plug-and-play offices spaces in Metro Manila. 

“Allowing liberal implementation of work-from-home schemes among IT-BPM companies will favor further growth of flex spaces. A ‘hub-and-spoke’ strategy will likely increase the demand for ‘plug-and-play’ office spaces which are readily-available on short notice and with flexible terms,” according to a Metro Manila office market report by global commercial real estate services firm Cushman & Wakefield. 

The Philippine IT-BPM industry is expected to significantly benefit from lay-offs in tech firms abroad. 

Cushman & Wakefield says mass job cuts among tech and start-up companies have driven the demand for outsourcing and IT-BPM related industries in order to further save up on operating costs amidst the challenging business environment. 

“As demand starts to recover, average Prime and Grade ‘A’ rents are estimated to grow at a base scenario between 1.5%-2.0% in 2023,” its report read. 

The report also noted that the availability of higher grade office developments is seen to drive vacancy rates downwards to 15% by end-2023.

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.
SAVE UP TO
70% ON STAFF COSTS
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