office-space | ABS-CBN News

Office demand resilient in 2023: Leechiu

ABS-CBN News
Updated as of Dec 13 11:21 AM

Office demand picked up in 2022 as it surpassed the combined demand in 2 preceding years, according to Leechiu Property Consultants. Read more »

Office space vacancy dips in Philippines: CBRE

Jekki Pascual, ABS-CBN News
Posted at Nov 18 07:43 PM

Office space vacancy in the Philippines has dipped in the third quarter of the year, US-based real estate firm CBRE said Friday. Read more »

Office space likely to take a hit in proposed POGO ban

ABS-CBN News
Updated as of Sep 29 11:38 AM

Shutting down POGOs is likely to have a significant impact on the country's office space market, property consulting veteran said. Read more »

Outsourcing to buoy office space market in 2022: Leechiu

Jessica Fenol, ABS-CBN News
Updated as of Dec 15 04:18 PM

Office space demand is seen to revert back to its 2016 levels, or before the "hyper" growth from the offshore gaming industry, on the back of continued outsourcing growth, a consulting group said Wednesday. Read more »

Revamped WeWork rises in Nasdaq debut

Agence France-Presse
Posted at Oct 22 09:08 AM

The office-sharing company WeWork made a strong Wall Street debut on Thursday, two years after a previous attempt disintegrated in spectacular fashion. Read more »

BPO driving office space demand but POGOs likely to make comeback: Leechiu

ABS-CBN News
Posted at Jul 13 03:35 PM

The business process outsourcing industry continues to drive office space demand, along with a "renewed" offshore gaming sector, Leechiu Property Consultants said Tuesday.   Read more »

Megaworld wants REITs offering to be among 'biggest' in Southeast Asia

Bruce Rodriguez, ABS-CBN News
Posted at Jun 18 02:24 PM

Megaworld Corp wants the initial public offering of its real estate investment trust to be among the biggest in Southeast Asia. Read more »

Certain areas of economy 'resilient' despite pandemic: Filinvest CEO

ABS-CBN News
Updated as of Jun 11 11:44 AM

Office leasing that caters to multinational Business Process Outsourcing (BPOs), as well as the residential property business, is seeing a V-shape recovery, Filinvest Development Corp President and CEO Josephine Gotianun-Yap told ANC. Read more »

Megaworld eyes launching real estate investment trust in Q2

ABS-CBN News
Posted at May 11 12:30 PM

Megaworld Corp is eyeing the launch of its real estate investment trust (REITs) in the second quarter of 2021 saying it remains optimistic about the country's property market despite the COVID-19 pandemic.  Read more »

Megaworld says office business 'most stable income generator' despite pandemic

ABS-CBN News
Posted at Apr 14 11:17 AM

Megaworld Corp said Wednesday its office business "is the most stable" income generator after finalizing new office leases last year despite the impact of the COVID-19 pandemic. Read more »

As POGOs exit, e-commerce, BPOs buoy office space demand during pandemic: Leechiu

Jessica Fenol, ABS-CBN News
Posted at Apr 13 12:31 PM

The demand for office space by the Business Process Outsourcing (BPOs) and the e-commerce sector have grown in the first quarter despite the ongoing COVID-19 pandemic.    Read more »

ARTHALAND Tops Off First Multi-Certified Green Office Development in Arca South

ARTHALAND
Posted at Feb 24 03:31 PM

One of the country's foremost developer of sustainable and green properties is off to a strong start with the on-time topping off of the Savya Financial Center North Tower. Read more »

Metro Manila property leasing to rise on boom in e-commerce

ABS-CBN News
Updated as of Feb 02 11:26 AM

Property firm Prime Philippines, said Monday that the Metro Manila office rental spaces will see an average of 75 to 85 percent occupancy this year as firms move more of their operations outside the Metro and nearer to the residential areas of their workers.  Read more »

Metro Manila faces highest office space vacancy since global financial crisis: Colliers

ABS-CBN News
Updated as of Oct 29 11:50 AM

Colliers International said Thursday Metro Manila could post the highest office vacancy since the global financial crisis as offshore gaming operators vacate spaces and BPOs rationalize requirements due to COVID-19.   Read more »

Lawmakers welcome reported POGO exodus

ABS-CBN News
Posted at Jun 30 01:12 AM

Several senators welcomed the reported exodus of Philippine offshore gaming operators from the country. Read more »

Offices 'far from dead,' property firm says as work from home rises

ABS-CBN News
Updated as of Jun 10 12:00 PM

Bringing workers back to their offices is "crucial" to increasing productivity post-lockdown, a property consulting firm said Wednesday, as most firms experiment with work from home set-ups.  Read more »

Reducing POGO exposure part of 'portfolio management': DM Wenceslao

ABS-CBN News
Updated as of Mar 13 09:16 PM

Diversifying portfolio to reduce exposure to offshore gaming is a business decision and is “nothing discriminatory,” the CEO of real estate firm DM Wenceslao said Friday. Read more »

Reducing POGO exposure part of 'portfolio management': DM Wenceslao

Jessica Fenol and Cathy Yang, ABS-CBN News
Posted at Mar 13 06:34 PM

Diversifying portfolio to reduce exposure to offshore gaming is a business decision and is “nothing discriminatory,” the CEO of real estate firm DM Wenceslao said Friday.   Read more »