by: Sarah Joson
Friday, May 16, 2014 | Outsourcing News |
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).
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