THE Philippine office market is the third strongest globally with an occupancy rate of 80 percent in the first half of 2024, real estate consultancy firm Prime Philippines said in its 2024 mid-year property report.

Its robust performance was driven mainly by the vigorous business process outsourcing (BPO) industry, which reported an annual growth of 7 to 8 percent, further boosted by the strong demand from government agencies and the expanding flexible workspace sector.

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