Office demand in the Philippines to be driven by IT-BPM companies
IT-BPMs require workspaces that offer reliable backup systems in case of power and connectivity issues
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office leasing
Office vacancies in Asia-Pacific expects to increase to 14-16%
Residential markets across the region also boom as fear of missing out drives prices up
India’s property market recovers with 46% increase in house sales
Office space leasing dropped four percent but absorption is expected to grow marginally compared to 2020
Leasing of office spaces in India’s top eight cities increase to 12.5M square feet
The sharp uptick can be attributed to economic recovery and workforce return to the office
