IT-BPO sector lead office demand
Megaworld Corp. has reported booking around 415,000 square meters of office leases in its townships, with Information Technology (IT) and Business Process Outsourcing (BPO) companies taking up 40% of the demand through new leases since the start of the pandemic last 2020.
During the first half of 2021, the real-estate company has booked several new leases and renewals at its buildings in Mactan Newtown in Cebu, Eastwood City, McKinley Hill, Uptown Bonifacio, Southwoods City in Biñan, Laguna, and Davao Park District.
Megaworld chief strategy officer Kevin Tan said that these renewals mean that the “BPO companies opted to stay and held on to their spaces. This also clearly indicates the strength and resilience of the office market within our pioneering townships.”
Occupancy at Megaworld’s premier offices remains at 90%, with its Iloilo Business Park center reaching 100%.
Related news
- BPO sector needs funds to upskill employees · 3 Sep
- Remote work improves the mental health of 70% of employees, says Lifeworks · 3 Sep
- US President Biden met tech leaders to address cybersecurity · 3 Sep
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
