SM Prime Holdings, Inc. said its office unit SM Offices will accelerate its office space expansion in the Visayas this year to meet the growing demand.
SM Offices plans to add over 85,000 square meters of leasable space this year, driven by increasing demand from both traditional and business process outsourcing (BPO) tenants, according to a regulatory filing on Wednesday.
The office developer noted a rising interest in provincial office facilities as companies expand operations outside Metro Manila to access a broader talent pool and more cost-effective locations.
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