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Metro office space vacancy tightened in first quarter

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Office space vacancy in Metro Manila’s commercial districts has further tightened on the back of robust demand from business process outsourcing (BPO) companies despite rising rental rates during the first quarter of 2014, according to global real estate adviser Cushman & Wakefield.

Posted: May 19th, 2014 in Headlines | Read More »

PH leads in office space growth

The Philippines outpaced the rest of the Asia-Pacific region in terms of the net absorption of office space in the first nine months of the year, which was proof of the country’s robust economic conditions and improved business sentiments, according to global real estate advisor Cushman & Wakefield.

Posted: November 22nd, 2013 in Headlines | Read More »

Demand for PH office space breaks record

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The office space market in the Philippines is setting new records, led by demand from business process outsourcing (BPO) companies and multinationals, indicating growing business confidence, according to one of the country’s largest property consulting firms.

Posted: December 17th, 2012 in Editor's Pick,Headlines | Read More »

CBRE warns landlords against hiking office rent excessively

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While demand for office space in Metro Manila remains high, real estate advisory firm CB Richard Ellis Philippines has warned landlords against hiking rental rates too much because this can negatively impact the country’s competitiveness as an investment destination.

Posted: November 11th, 2011 in Headlines | Read More »

Robust demand for BPO services seen

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The local business process outsourcing sector is seen benefiting from the uncertainties in the American and European markets, as companies there scramble to outsource some of their business requirements to locations that provide quality service at lower costs.

Posted: November 9th, 2011 in Latest Business Stories | Read More »

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