Connect with us

Hi, what are you looking for?


M.Mla flexible workspace stock seen to grow 10%

COLLIERS said flexible workspace stock in Metro Manila is likely to expand by around 10% in the next 12 months. — COURTESY OF COLLIERS

FLEXIBLE workspace stock in Metro Manila is expected to grow by around 10% in the next 12 months, according to Colliers.

“The availability of high-quality office towers, complemented by attractive lease rates, should make these sites viable for flexible workspace operators,” Joey Roi Bondoc, research director at Colliers, said in a statement.

As of the end of the third quarter 2022, Metro Manila’s flexible workspace stock stood at 220,200 square meters, which represents about 2% of the total leasable office space in the capital region.

Mr. Bondoc said take-up for flexible workspaces will likely be fueled by traditional occupiers in construction, architecture, logistics, financial technology, as well as startup companies.

“But regardless of industry, flexible workspaces are a feasible alternative for companies seeking short-term leases and looking to right-size operations. Outsourcing firms with immediate office space requirements should also consider plug-and-play or fitted offices,” he said.

Mr. Bondoc noted that flexible workspaces are also popular among firms looking to expand office spaces in the near term.

Patricia Cruz, Colliers associate director of office services — tenant representation, said multinational companies are now focused on hybrid work schemes.

“Occupiers should revisit their short- and long-term growth projections to properly assess their real estate needs and take advantage of the flexible work solutions as an interim alternative,” she said.

Colliers said office occupiers should revisit their business continuity plans and consider integrating flexible workspaces into hybrid work arrangements.

Office landlords should team up with flexible workspace operators or launch their own brands, it added.

Flexible workspace operators should also look into securing space in transit-oriented retail projects and partner with in-mall retailers to add value to their services, Colliers said. — CRAG

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



REUTERS A landmark lawsuit by the US Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites that...


North Atlantic Treaty Organization/Flickr STOCKHOLM — Swedish and Finnish hopes of quickly joining NATO (North Atlantic Treaty Organization) have run into an obstacle in...


Egg vendors arrange their products for sale at a store along Blumentritt in Manila, Jan. 26. Filipinos are grappling with soaring prices of food,...


ICC prosecutor authorized to reopen Philippines drug war investigation – BusinessWorld Online ...


Photo via freepik The past years saw climate change, defined by World Health Organization (WHO) as “the change in climate in time due to...


At Christmastime, monster waves and winds battered the 23-year-old Tubbataha Ranger Station. (Inset photo) Metro Pacific Investments Foundation, Inc. committed to provide an additional...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.