BPOs to absorb new units in 3 yrs

LANDLORDS should feel secure at least in the next few years, property analysts said, as the robust business process outsourcing (BPO) industry keeps the realty sector and the whole economy afloat.

Claro Cordero Jr., head of research and consultancy at global property services firm Jones Lang Lasalle, projected that offshoring and outsourcing firms are expected to fully absorb the huge amount of newly opened office space in the market in just over three years.