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BPO Firms Set to Operate Near Residential Areas

by: Sarah Joson

Friday, May 16, 2014 | Outsourcing News |

PH BPO Companies to Relocate Outside of CBDs

JLL (formerly Jones Lang Lasalle) said business process outsourcing companies may soon move out of heavily-saturated business districts like Makati or Fort Bonifacio and into areas that are close to where employees live. Those who will be working in these areas will have more access to public transportation.

According to JLL Associate Director for Markets Philip Añonuevo, office rent in central business districts is the major component in this initiative. He further explained that rents are going up since the leasing contracts of BPO offices in CBDs are short-term (6-12 months) only.

The executive also said the trend has sparked the interest of high net worth individuals and have prompted them to develop their own non-CBD properties to accommodate BPO companies.

Rent in non-CBDs is more competitive than in Ortigas (20 percent), as well as in Makati and Fort Bonifacio (30 percent). 


Source:
http://www.abs-cbnnews.com/

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