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Outsourcing firms give bright spot in office demand.
(From BusinessWorld (Philippines))
Byline: Roulee Jane F. Calayag
The Philippines breaks off the global trend in prime office locations as it continues to attract business process outsourcing (BPO) firms and call centers.
Although the country did not make it to the top 50 most expensive office locations in the world, it had managed to preserve and grow its market.
In the first semester issue of "Global Market Rents" published by CB Richard Ellis (CBRE), a worldwide vertically integrated commercial real estate services firm, it was noted that investment grade office occupancy costs in the Makati and Ortigas central business districts (CBDs) …
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