Emerging business districts provide alternative to expanding BPO office occupiers

MANILA, Philippines — The vacancy rate of the Makati Central Business District continues to drop and, as of end of 1st Quarter 2007, is pegged at 1.3%. The reason behind this drop is that after the build-to-suit office buildings had been built by Ayala Land for Convergys and People Support, there has not been any new office building coming on-stream in Makati to augment the dwindling supply plus the continuous take-up of space from BPO companies, both from new entrants and expansion.
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