Manila's flexible office space market grew 14% to 3.8 million sq ft last year and is predicated to expand 10% or more annually for the next three years, according to Colliers. An expanding mobile workforce supported by improved IT infrastructure has helped fuel demand but multinationals will add momentum as the market matures, Colliers said. And that office stock in Manila should grow again by at least 10 per cent a year for the next three years, Colliers director Maricris Sarino-Joson has predicted. 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. “Manila is a very attractive city with strong fundamentals that are attracting global companies looking at opportunities beyond their local markets,” said David Lee, head of Asia Pacific research at Colliers, adding that it was
Manila's flexible office space market grew 14% to 3.8 million sq ft last year and is predicated to expand 10% or more annually for the next three years, according to Colliers. An expanding mobile workforce supported by improved IT 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. “Manila is a very attractive city with strong fundamentals that are attracting global companies looking at opportunities beyond their local markets,” said David Lee, head of Asia Pacific research at Colliers, adding that it was