David Leechiu, the property consultancy firm's chief executive officer, noted that they are anticipating more leasing activities from POGOs as Philippine borders reopen for foreigners.
"What I have been told by very prominent players in the industry is that they have a revenge comeback for Philippines," Leechiu said.Since the pandemic, POGOs have vacated a total of 454,000 square meters of office space, resulting in a steep drop in rental rates.on POGOs, would be a growth driver for the sector and improve investor sentiment, as regulations become clearer.
A total of 1.6 million square meters of office space have remained vacant amid the pandemic, mostly due to the continuous contractions in the POGO industry. More than half of the buildings with sizable vacancies in Makati City were previously occupied by POGOs.
Source: Gaming Daily Report (gamingdailyreport.net)
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