Looking for office space?
New business centers in Metro Manila and key provincial centers will continue to grow up to 2015.
Jan 17, 2012 09:00 am
Are you looking for new office space to expand or start your business? Consider looking into offices located at Bonifacio Global City because of its proximity to Makati and to most labor pools in the metro.
Moreover, expect new business centers in Metro Manila and key provincial centers to continue to grow up to 2015 as a result of the rapid and sustained growth of the outsourcing and call center industry, according to reports by Jones Lang LaSalle Leechiu (JLLL), the largest international property services firm in the Philippines.
[related|post]Phillip Anonuevo, JLLL associate director, said that from two dominant business districts at the end of the 20th century, there are now at least 10 in Metro Manila and 10 more emerging in key Philippine cities – most of them fuelled by the outsourcing and call center industry which was valued as a US$9 billion industry in 2010.
JLLL represents 10 of the 12 top outsourcing and call center companies operating in the Philippines. It has also handled 90 percent of outsourcing and call center lease transactions in key provincial cities from Baguio to Davao City.
Anonuevo said that over 50 percent of all office space leased in the Philippines since 2006 has been taken up by key players of this bourgeoning industry which generates demand for an average 300,000 to 360,000 sqm of office space annually.
In Bonifacio Global City, new developments include the NAC Building to be completed in the third quarter of 2012; and in the fourth quarter, Ecotower, W Fifth Avenue, and W Global Center. In the second quarter of 2013, RSB Corporate Center is set to be finished.