The business process outsourcing (BPO) sector has regained ground amid the disruptions brought about by the COVID-19 pandemic since 2020, fueling what appears to be the start of the office property segment’s rebound.
Thanks to these BPOs, the Philippine office property market now “appears ready to take off and resume its prepandemic growth trajectory,” based on the second quarter office property research from property consulting firm Leechiu Property Consultants (LPC).
With Western markets stabilizing, outsourcing and offshoring activities have likewise improved, bringing new BPO demand for office space in the Philippines to 92,000 square meters (sq m) in the second quarter of this…
Keep on reading: BPOs fuel resurgence of office property market