Flexible workspaces to play crucial role in real estate diversification strategies

According to the firm's data, Metro Manila's flexible workspace stock as of the end of the third quarter of 2022 reached 220,200 square meters. This represents about 2 percent of the total leasable office space in the capital region.

"The availability of high-quality office towers, complemented by attractive lease rates, should make these sites viable for flexible workspace operators," Colliers research director Joey Bondoc said.