Mix-use Properties for the Retail Segment and Outsourcing Companies
According to property services firm JLL, they are currently developing over 20 mix-use projects which can accommodate more retail proprietors and BPOs that are looking to expand.
The business process outsourcing (BPO) sector still has the largest market share for office properties so far this year - 67 percent of transactions came from the sector.
In a statement, JLL’s Associate Director Lylah Fronda-Ledonio said the percentage is seen to grow by 80 percent at the end of 2014 since the BPO sector is the key driver for office demand in the country.
Meanwhile, Claro Cordero, head of research at JLL, said the new mix-use zones will be able to accommodate different types of segments including retail, restaurants, and residential properties. This will be able to match the preference of new and expanding BPO firms.
He also said the expansion of existing BPO firms and the entry of new players in the Philippines will contribute to the growth. In addition to that, the townships will enable BPOs to have access to skilled and affordable workforce.
In Metro Manila, the township developments are Uptown Bonifacio, Woodside City, Vertis North, McKinley West, ARCA South, La Fuerza, and South Park District.