News article from Bworldonline.com by Franz Jonathan G. de la Fuente
In general, whether these sites will be used for residential, retail, or institutional site development by the companies who win the bid, a positive impact can be expected for Real Estate Industry. Moreover, using these sites for institutional site development will deliver the highest positive impact compared to residential and retail site developments. According to Colliers International Report on the Philippine Real Estate Market 1st Quarter of 2012, the supply for office spaces are narrow across Metro Manila. Take-up rates are expected to drop by 26% this year mainly because of the limited office space and negligible increase in supply. In addition, there is a strong demand for offices coming from the Owned-and-Operated station Industry. IT-related and BPO firms with immediate, sizable requirements have resorted to plug & play options for their desired offices.
Considering the low supply and high demand for offices in Metro Manila, specifically for above Grade B and plug & play offices, these sites offered by BCDA should be used for institutional offices development to deliver the optimal positive impact. Aside from being able to satisfy the demands for these types of offices, a positive growth in the Owned-and-operate industry as well as in the Real Estate Industry may be expected.
 Karlo Pobre, “REASEARCH & FORECAST REPORT PHILIPPINE REAL ESTATE MARKET 1Q 2012.” Colliers International, July 18, 2012.
Sacbibit, Mary Grace