{"id":29062,"date":"2022-05-25T22:03:02","date_gmt":"2022-05-25T15:03:02","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=29062"},"modified":"2022-05-25T22:03:02","modified_gmt":"2022-05-25T15:03:02","slug":"bpos-continue-to-dominate-the-philippines-office-sector","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/bpos-continue-to-dominate-the-philippines-office-sector\/","title":{"rendered":"BPOs continue to dominate the Philippines\u2019 office sector"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">It is expected that there will be a sustained demand in Cebu, Iloilo, and Pampanga<\/span><\/p>\n<figure id=\"attachment_29063\" aria-describedby=\"caption-attachment-29063\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-29063\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1455246617.jpg\" alt=\"\" width=\"1000\" height=\"404\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1455246617.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1455246617-400x162.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1455246617-600x242.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/05\/shutterstock_1455246617-768x310.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-29063\" class=\"wp-caption-text\">Property consultants have taken note that BPOs are looking outside NCR to set up their offices. MDV Edwards\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">After seven consecutive quarters of negative absorption, the Philippines&#8217; office sector is finally on its way to recovery, with a positive net take-up in Q1 2022. Traditional and BPO enterprises continue to dominate demand. These mainly benefit from rental corrections and the introduction of alternative office buildings in major business centres.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, office rentals fell by an average of 3.1 percent QoQ in Q1 2022. <\/span><a href=\"https:\/\/www.colliers.com\/en-ph\/research\/colliers-quarterly-property-market-report-office-q1-2022-philippines\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Colliers<\/span><\/a><span style=\"font-weight: 400;\"> anticipates a steady recovery in leasing rates beginning next year, as demand from outsourcing and traditional enterprises grow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Colliers suggests that renters consider occupying flexible workspaces. Those with long-term occupancy plans should secure premises in modern and sustainable office buildings, as well as make the most out of landlord rental corrections and other concessions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, in a more liberalised and competitive business environment, landlords should be paying more attention to generating demand from start-ups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Property consultants have taken note that BPOs are looking outside NCR to set up their offices. Many of them will want to have at least 20 percent of their operations outside Metro Manila, so that in the event of another lockdown, operations will still continue in other locations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is expected that there will be a sustained demand in Cebu, Iloilo, and Pampanga.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/office-demand-in-the-ph-to-be-driven-by-it-bpm-companies\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Office demand in the Philippines to be driven by IT-BPM companies<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere are several reasons why call centers would want to lease outside of Metro Manila. It makes sense to look at new labor markets. That\u2019s one of the reasons why we see more inquiries in the provinces, especially in cities that are organized and have prepared themselves to host business process outsourcing (BPO) companies,\u201d Leechiu Property Consultants Executive Director Phillip G. Anonuevo said in a virtual interview with <\/span><a href=\"https:\/\/www.bworldonline.com\/corporate\/2022\/05\/10\/447303\/demand-for-office-space-outside-ncr-seen-to-step-up\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BusinessWorld<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Philippine Economic Zone Authority (PEZA) allowed registered IT-business process management (IT-BPM) enterprises to operate 70 percent onsite and 30 percent on a work-from-home (WFH) arrangement in March of this year.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is expected that there will be a sustained demand in Cebu, Iloilo, and Pampanga<\/p>\n","protected":false},"author":12,"featured_media":29063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[3003,3004,1154],"class_list":["post-29062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-bpos","tag-flexible-workspaces","tag-office-market","news_country-philippines","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BPOs 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