'Diversifying' sectors drive office space demand in Metro Manila: Colliers

ABS-CBN News

Posted at Sep 19 2019 10:14 AM

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MANILA – Business process outsourcing, offshore gaming and the growing non-traditional companies this year will sustain the demand for office space in Metro Manila, a property consultant said Thursday.

Philippine Offshore Gaming Operations (POGOs), BPOs as well as non-traditional companies such as multinational corporations, engineering firms and conglomerates continue to expand, Colliers International senior manager for Research Joey Bondoc told ANC.

“The traditional companies, the non-BPOs, the multinational corporations are continuously taking up office space, there are a lot of multinationals, holding firms that are diversifying and their subsidiaries are continuously taking up office space across the Metro,” Bondoc said.

Offshore gaming has shown “relentless” demand despite China’s call to ban all forms of online gaming, Bondoc said. Existing POGOs continue to expand even after the Philippine government temporarily suspended the processing of new permits, he added.
 
Bondoc said traditional companies and BPOs can “temper” demand should POGOs decide to leave the country.

POGOs are now the highest office space demand driver in Metro Manila for the first 9 months of the year, followed by BPOs, Leechiu Property Consultants earlier said.