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More BPO Spaces Expected in 5 Years

by: Sarah Joson

Monday, January 28, 2013 | Outsourcing News |

Growth in BPO Office Supply Anticipated

According to Rick Santos, President at CBRE Philippines, demand for residential and commercial properties remains positive for the coming years, fuelled by unrelenting growth of residential, gaming and leisure, and business process outsourcing (BPO) industries. He also said buildings will become more eco-friendly and more sustainable to cut costs.

In line with that, developers are expected to put up more offices as the BPO sector is predicted to continue to grow. Moreover, demand for residential condominiums is high as units become more and more affordable.

About 80 to 90 percent of office real estate will be used by BPOs, said CBRE Global Corporate Services Vice Chairman Joey Radovan. His forecast is paralleled to the sector’s targets of increasing the workforce from 1.2 million to 1.4 million and $26 billion in revenues by 2016. He added that even if the economy faces a stronger peso, the quality of the Philippine workforce is what really matters.


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