According to BDO Capital and Investment Group, the robust demand for commercial real estate properties will continue to register strong growth, which is primarily driven by expanding BPO companies. BDO Capital President Eduardo Francisco expressed confidently in a recent statement that the Philippine real estate market remains robust this year, as BPOs continue to take up not only commercial but also retail space. These include mixed-use developments, providing offices and space needed by BPO employees.
“This [BPO] sector’s expansion will not only encompass office and commercial establishments, but will also include heightened demand for mid market residential properties within and around central business districts,” he said. “We all know that BPO employees, because of their work schedule, don’t want to stay far from their place of work. Along with this, they prefer that their other needs be addressed by convenience stores and shopping centers that are also near where they live and work,” he added.
