{"id":52565,"date":"2022-08-16T14:18:41","date_gmt":"2022-08-16T06:18:41","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=52565"},"modified":"2022-08-16T14:18:41","modified_gmt":"2022-08-16T06:18:41","slug":"bpos-need-450k-sqm-office-space-to-accommodate-pandemic-hires","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/bpos-need-450k-sqm-office-space-to-accommodate-pandemic-hires\/","title":{"rendered":"BPOs need 450K sqm office space to accommodate pandemic hires"},"content":{"rendered":"
Returning Business Process Outsourcing (BPO) firms would need around 450,000 square meters (sq.m.) of additional office space to accommodate their recruits and the projected personnel increase post-pandemic.\u00a0<\/span><\/p>\n In a report by real estate consultancy and property investments firm Lobien Realty Group (LRG), this trend would push the local office demand to grow further in the second half of 2022.<\/span><\/p>\n Factors behind the return-to-office scenario in the Philippines include the observed economic recovery both here and abroad, the easing of mobility restrictions, the government\u2019s back-to-office mandate for IT-BPM companies located in economic zones, and the preference of Filipinos to physical report to their employers.\u00a0<\/span><\/p>\n LRG added that pandemic resiliency would also drive companies to look for extra spaces. Others, meanwhile, prefer certain provinces and townships that will allow business continuity in case of lockdowns.\u00a0<\/span><\/p>\n At the same time, the return of Philippine Offshore Gaming Operators (POGOs) \u2014 the largest office space taker pre-pandemic \u2014- is also being slowly observed in the market.\u00a0<\/span><\/p>\n With all these expected demands, LRG is also expecting the long-term occupancy average of 95% to be breached over the next 12-18 months as companies accelerate their back-to-office operations.\u00a0<\/span><\/p>\n