Whilst economies around the world struggle with an ever-changing Covid19 landscape, The Philippines BPO (Business Process Outsourcing) sector continues to rally, seeing a complete market recovery in Q2 2021; office base staff members have once again risen to their highest levels since the outbreak of the pandemic.
Manila based Real Estate Brokers, Leechiu have conducted an independent study based on their office and commercial space demands, and released data showing that there has been a 68% increase in commercial space leasing, and with a high percentage of these spaces accommodating in office work forces once more.
Leechiu CEO, David Leechiu recently commented to PhilStar Global that;
“The Philippine office market appears ready to take off and resume its pre-pandemic growth trajectory. This brings first half demand for office space numbers to 291,000 sqm, already the bulk of the entire 2020. This is already 75 percent of demand for the entire 2020. There is no doubt that the Philippines is back on the radar of global occupiers,”