Online gaming helps drive office space demand: Regus

ABS-CBN News

Posted at May 17 2018 11:17 AM

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MANILA - Online gaming operators have compensated for a slowdown in the office space uptake of outsourcing companies last year, the head of the largest co-working space provider in the country said Thursday.

Demand from both sectors has been "balancing out" recently, as supply increases, said Regus country manager for the Philippines Lars Wittig.

The share of co-working providers in global commercial office space is projected to increase to 30 percent by 2030, from the current 1 to 2 percent, Wittig told ANC's Early Edition.

In the Philippines, millennials and startups are driving demand for shared office spaces, he said. Regus started operations in the country in 1997, in the aftermath of the Asian financial crisis.

Regus' sister company, Spaces, will launch its biggest facility in the Philippines this year, offering a "community hall" feel that will gather under one roof startups and Fortune 500 companies, he said.