MORE property spaces should be created, especially in the office segment, given huge demand from rapidly expanding business process outsourcing (BPO) industry, a senior Jones Lang La Salle (JLL) official said.

“[It is expected] that by 2020 … the demand side of the [global] market will grow by $250 billion and if the Philippines can just get 20 percent of that which is… 50 billion; today we’re at $23 billion,” JLL Philippines Regional Director Sheila Lobien said at The Manila Times’ 6th Business Forum held at the Marriott Hotel in Pasay City last week.

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