Limited supply of office spaces for BPO firms
Catherine Talavera (The Philippine Star) - December 7, 2017 - 4:00pm

MANILA, Philippines — The amount of viable office space for business process outsourcing (BPO) companies in Metro Manila is becoming limited due to the slowdown in the approval of Philippine Economic Zone Authority (PEZA) licenses.

In a media briefing Wednesday, Santos Knight Frank executive director for Occupier Services and Commercial Agency Francis Bautista said BPO companies would still take the lead in driving demand for office spaces in Metro Manila.

“But (there was) a little slowdown earlier this year, particularly because all the requirements are there (for BPO companies),” Bautista said referring to the requirement of BPO companies for PEZA-accredited office space.

“All of these BPO companies need space because they are growing, It’s just that the amount of viable space they can go into is limited because there was a slowdown in the release of PEZA certificates for the upcoming developments,” Bautista said.

PEZA director general Charito Plaza earlier said  the delays in  the proclamation of new economic zones have resulted in applications piling up at the Office of the President.

She said out of 46 proposed economic zones pending presidential proclamation then, six were from the time of former president Benigno Aquino III and the rest during the current administration.

Out of 58 economic zones pending presidential proclamation, only six have been released as of Oct. 10. These include one horizontal economic zone in Negros and five buildings that will house IT-business process management firms.

Bautista said the delay in the issuance of  PEZA permits have also prevented property firms from developing more office spaces.

Frank expects over 3.7 million square meters of new office space in Metro Manila to come online in the next five years.

It also sees PEZA approvals picking up following a more positive outlook in the IT industry in the coming years.

Philstar
Facebook
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.