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                    [Summary] => With the continued expansion of call centers and business process outsourcing (BPO) firms, available office space in the country’s premier financial district slipped to an average of 4.30 percent in the first quarter this year from 4.94 percent in the fourth quarter, according to real estate service firm CB Richard Ellis Philippines Inc. 


CBRE Phils. noted that some prime/grade A buildings reported no vacancies or no available large or contiguous floor space.


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                    [Summary] => The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business process outsourcing (BPO) firms. 


The demand-supply gap is projected to be felt starting the third quarter of this year and is expected to be addressed towards the end of 2006, CBRE Philippines officials said yesterday. This has already resulted in increased office space rental rates as well as real estate prices. 


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                    [Summary] => The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business process outsourcing (BPO) firms. 


The demand-supply gap is projected to be felt starting the third quarter of this year and is expected to be addressed towards the end of 2006, CBRE Philippines officials said yesterday. This has already resulted in increased office space rental rates as well as real estate prices. 


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TRENT FRANKUM

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                    [Title] => Office space dwindles in financial district
                    [Summary] => With the continued expansion of call centers and business process outsourcing (BPO) firms, available office space in the country’s premier financial district slipped to an average of 4.30 percent in the first quarter this year from 4.94 percent in the fourth quarter, according to real estate service firm CB Richard Ellis Philippines Inc. 


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                    [Title] => Office space demand seen to outpace supply this year
                    [Summary] => The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business process outsourcing (BPO) firms. 


The demand-supply gap is projected to be felt starting the third quarter of this year and is expected to be addressed towards the end of 2006, CBRE Philippines officials said yesterday. This has already resulted in increased office space rental rates as well as real estate prices. 


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                    [Title] => Office space demand seen to outpace supply this year
                    [Summary] => The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business process outsourcing (BPO) firms. 


The demand-supply gap is projected to be felt starting the third quarter of this year and is expected to be addressed towards the end of 2006, CBRE Philippines officials said yesterday. This has already resulted in increased office space rental rates as well as real estate prices. 


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abtest

Office space dwindles in financial district

By Zinnia B. Dela Peña | May 12, 2006 - 12:00am

With the continued expansion of call centers and business process outsourcing (BPO) firms, available office space in the country’s premier financial district slipped to an average of 4.30 percent in the first...

Business

Office space demand seen to outpace supply this year

April 22, 2005 - 12:00am

The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business...

Business

Office space demand seen to outpace supply this year

April 21, 2005 - 12:00am

The world’s largest real estate advisory services firm CB Richard Ellis (CBRE) expects office space demand in the Philippines to outpace supply this year, mainly due to new and expanding call centers and business...

Business