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Office space demand to remain subdued in 2021

GROWTH in office space demand will likely be subdued next year, led by the business process outsourcing (BPO) and e-commerce sectors, a representative from commercial real estate services company Jones Lang LaSalle (JLL) said.

Hotel chain to convert some rooms into office space

ROBINSONS HOTELS and Resorts (RHR) is turning some of its hotel rooms into private office spaces and offering long-stay services in several Go Hotels, as it addresses changing consumer demand amid the pandemic.

Philippine office demand up 34% despite lockdown

DEMAND for office space grew 34% during the lockdown as the information technology and business process management (IT-BPM) industry continued to expand, going against expectations as many businesses suspended operations during the period.

Leechiu sees office sector recovery

DEMAND for office space in the Philippines is expected to start recovering by the second quarter of the year, and transactions are projected to reach 800,000 to 1 million square meters (sq. m.) by the end of 2020.

Dynamic expansion

Metro Manila’s office property market is still booming, with property developers vigorously building new office spaces to meet growing demand. According to a report by...

A robust local office market

Despite slower economic expansion in 2018, the Philippine real estate industry remained resilient as a result of strong demand in its major segments, especially...

The near future of Philippine office space

Owing to the country’s continued economic growth, powered by growing consumption and ongoing infrastructure development, the Philippines is on the fast track towards prominence...

Primex starts construction of P3.6-billion Greenhills office tower

Primex Corp. started the construction of its P3.6-billion office tower in San Juan City on Wednesday, July 11, banking on its prime location to...

Office market supply seen to grow by 40% in next five...

The Philippine office market is seen to grow by 40% in the next five years, pushed up by the need of information technology- business...