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BPOs Continue to Flock Ortigas CBD

by: Sarah Joson

Thursday, November 6, 2014 | Outsourcing News |

Sheila Lobien, Director and Head of Project Leasing at real estate services agency JLL Philippines, shared that the Ortigas Central Business District remains as one of the preferred hubs for business process outsourcing (BPO) firms because of its accessibility and availability of large talent pool.

The executive added that the numerous commercial establishments such as malls, restaurants that operate 24/7, and other places for leisure make Ortigas a strong contender in the BPO marketplace. It is likewise close to different types of transport since it is near Manila’s main roads like Ortigas Avenue, Shaw Boulevard, and EDSA.

New BPO-ready office towers like the 26-storey Robinsons Cyberscape Alpha continue to sprawl in the area. These types of offices are attractive to BPO locators because of the modern design and advanced infrastructure. In terms of office space, buildings like the Cyberscape Alpha have 2,033 square meters, perfect for companies that are looking to expand and maximize space

Superior real estate solutions in the rapidly growing BPO sector have been increasing at an average rate of 20 percent annually. Lobien pointed out that seven towers offering a total of 150,200 sqm of office space supply were launched this year, and almost 70 percent or 105,500 sqm are already reserved.

As for price points, the average rent for office space in Ortigas is P625/sqm per month, which is more economical compared to Makati CBD and Bonifacio Global City’s rates starting from P850 to P1,200/sqm monthly.


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

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