The country's office market is seeing signs of a favorable yearend driven by the rising live demand for office space, particularly from the information technology-business process management (IT-BPM) sector.
âIt doesn't necessarily mean that all these companies will transact in the next few months, but it gives us a bit more lift that there's an opportunity for the market in Q4 to finish on a good note,â LPC Director for Commercial Leasing Mikko Barranda said.
The IT-BPM sector leads the live demand, accounting for a 55 percent share at 319,000 sqm.
The remaining 45 percent or 262,000 sqm was driven by government, financial services as well as real estate/construction firms.
BGC and Makati lead as the most preferred locations for tenants in Metro Manila based on the live demand.
DEMAND DECLINES IN THREE QUARTERS
Data from LPC showed that office space demand in the three quarters of 2024 registered at 900,000 sqm, 16 percent lower than the 1.07 million sqm in the three quarters of 2023.
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MQuest Artists Agency offers acting, dance, voice workshops
Those who will participate in the MQuest Artists Agency (MQAA) acting, dance, and voice public workshops will get the chance to be discovered and have exclusive access to auditions and the opportunity to join the MQAA talent pool.
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\"In the larger scheme of things, Sara is unimportant. So please do not file impeachment complaints. It will only distract us from the work of governance which is to improve the lot of all Filipinos.\"
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