IT-BPO a frontrunner in property recovery
The IT-business process outsourcing (IT-BPO) sector is currently looking for expansion in Metro Manila and provinces, said property consultancy firm Leechiu Property Consultants (LPC).
Further, the company noted that Philippine Online Gaming Operators (POGOs) registered no new transactions since last year.
According to LPC Associate Director Mikko Barranda, they have observed more inquiries and site inspection requests from IT-BPM locators since Q4 2020. Barranda said this indicates the continued expansion of the office sector and its possible recovery this year.
“We’re seeing faster decision making among IT-BPM firms as they lay out plans for expansion not only in Metro Manila but also in the provinces. It’s an exciting time and we project that many of these negotiations are being finalized now or will be closed in the coming months,” said Barranda in a statement.
