Growth Of Technology Firms A Catalyst In The Increasing Demand For Office Spaces

According to a statement released by a real estate consultancy firm in the Philippines, there is a global development in terms of products that are technology related thus it has resulted to a higher demand for office spaces in the country, most especially in BPO or business process outsourcing.

In a recent statement made by Colliers International, they have noted that there has been a substantial increase when it comes to technology firms in the last two decades. This development is the reason why there are a lot of businesses that are expanding their office spaces more specifically in the United States.

Colliers added that these firms are now referred to as the catalyst for the office leasing that is occurring in the United States because they are considered the primary source when it comes to actual offices and they have influenced the strategies used in the workspace in various industries in the country.

There are many companies involved but a few were named including Amazon which has an office in Seattle with a total land area of 11 million square feet while Facebook now has 257,000 square feet after its expansion.

From the point of the view of the Philippines, Colliers said that the actual catalyst to the growtn in demand for new office spaces may not actually be the tech firms but the BPO (business process outsourcing) firms because they are the ones responsible in the providing the service needs of the many technology firms overseas.

Colliers explained that tech products continued to be developed by the technology companies and this means that they would need added customer service teams which they tap off shore.

There are already a number of tech companies that has entered the country to gain more office spaces such as Google with an office space of 18,000 square meters and 5,500 square meters of office space for the company Uber.

If you are planning to expand your business in Silom and has difficulty in securing your own office space then it is time to consider getting serviced offices in Silom for a more affordable rate.