PH Outsourcing Industry to Boost Demand for Office Space
SourceFit
OCTOBER 6, 2014
The booming business process outsourcing (BPO) industry is expected to drive demand for office space in the country, according to real estate advisory firm CBRE Philippines. CBRE associate director Morgan McGilvray said in a media conference that a reduced vacancy rate (from 3.3 to 2.45 percent in the first quarter of 2014) for office space will be offset by 400,000 square meters of space coming online within the year.
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