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

News » PH office leasing declined in Q3 – JLL

PH office leasing declined in Q3 – JLL

Office leasing in the Philippines dropped by 35.7% to 72,000 square meters in the third quarter compared to last year amid pandemic and election uncertainties, according to real estate services firm JLL Philippines.

JLL Philippines Research Head Janlo C. de los Reyes said that the contraction is mainly due to the extension of the remote work setup in the country.

de los Reyes added that office leasing decisions had been pushed back as companies are still “uncertain” about their future work environments.

However, the office leasing sector is still expected to recover as the Philippines remains one of the “best outsourcing destinations” in the world.

Foreign investors are expected to move back to the country in the third quarter of next year after the elections as there would be clarity in terms of the political landscape and policies in the industry.

Moreover, JLL Philippines Vice-Chairman Joey M. Radovan said that hybrid workplaces will remain post-pandemic but not all companies will get rid of their physical offices. 

Read more here.

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.
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