Upgraded office spaces needed to lure tenants

Property developers should upgrade their buildings by incorporating technology and design enhancements, as tenants now look for more competitive work spaces, a real estate consultancy company said on Thursday.

In a report discussed in Makati City, Colliers International said it “foresees a market that is due for an upgrade, driven by shifting tenant profiles that cater to the more discerning knowledge process outsourcers (KPOs), multinational companies (MNCs), and traditional occupiers.”