Manila 's flexible office space market grew 14 % to 3.8 million sq ft last year and is expected to expand 10 % or more annually for the next three years , according to Colliers . An expanding mobile workforce supported by improved transportation infrastructure has helped fuel demand but multinationals will add momentum as the market matures , Colliers said . Manila’s central business district houses 70 flexible workspace centres across 417,000 sq ft, or some 10 per cent of the commercial property market. The Philippine capital ’s CBD is home to 70 locations spread over 417,000 sq ft , which accounts for 10 % of all office supply . The figure is 3.2 % in the wider region . Local property developers have expanded into the area and Colliers expects to see M&A activity .
Manila 's flexible office space market grew 14 % to 3.8 million sq ft last year and is expected to expand 10 % or more annually for the next three years , according to Colliers . An expanding mobile workforce supported by improved transportation infrastructure has helped fuel demand but multinationals will add momentum as the market matures , Colliers said . The Philippine capital ’s CBD is home to 70 locations spread over 417,000 sq ft , which accounts for 10 % of all office supply . The figure is 3.2 % in the wider region . Local property developers have expanded into the area and Colliers expects to see M&A activity .