The Philippine office sector is forecast to maintain continued growth this year with new office space expected to hit 1.2 million square meters. According to real estate consulting firm Santos Knight Frank in a media briefing on 29 January, demand for rentals remains robust, which in turn should fuel the steady growth of the office rental industry. According to a BusinessWorld report, Santos Knight Frank says that 34% of the expected new supply will come from Quezon City, 20% from Makati City, 18% from Taguig City, 13% from Ortigas, 10% from the Bay Area, and 5% from Alabang. The scenario anticipated by Santos Knight Frank is that Metro Manila will experience a surge in rental rates, and multinational firms will then hunt for alternatives in other areas like Metro Clark, Metro Cebu, Davao, Iloilo, and Bacolod.
- 3,000 firms
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.
Outsource Accelerator in the mediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic