Colliers International Philippines is encouraging flexible workspace operators to partner with certain cities to better cater to the outsourcing market.
According to the property consultancy firm, flexible workspaces in Manila are expected to grow by 10 percent per year in the next three years as operators look to expand their footprint.
The growth in the office subsector will be fueled equally by the healthy growth in micro, small, and medium businesses as well as multinational companies looking for plug-and-play locations in the country.
Aside from this, Colliers expects policy reforms in ease of doing business to boost the growth of flexible workspaces in Manila, noting that the entry of the 3rd telecommunications player would support the office segment.
Maricris Sarino Joson, Colliers International Philippines Director for Office Services, said the partnerships can bolster the supply in malls, condominiums, hotels, and dormitories.
“Large flexible workspace operators should consider partnering with officials of second-tier cities that are viable outsourcing destinations,” she added, referring to Bacolod, Cebu, Clark, Davao, and Iloilo, as well as the province of Laguna.
“The project teams of outsourcing firms could start operating in coworking facilities in these cities where they could train college students that the BPOs(business process outsourcing) could tap in the future.”
Colliers is also expecting more mergers and acquisitions in the flexible workspace sector – either from among small, local players or between foreign operators and local companies – to expand their coverage.
Other trends seen for 2019 are the improvement of amenities in these workspaces as well as better workspace designs to suit the needs of multinational corporations.
Source: Rappler
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