Iloilo City is facing a shortage of office space as demand from business process outsourcing (BPO) companies continues to increase.

Mayor Jerry P. Treñas said more BPO firms are interested to expand their operations in the city.

However, no more leasable office space is currently available in the city, according to the mayor.

“We lack spaces, we are running out of BPO buildings,” Treñas said.

He added that “SM and Megaworld’s new buildings undergoing construction are already contracted by BPO firms.”

Treñas will be meeting with a renowned property consultant David Leechiu, and Colliers Philippines, a leading commercial and investment management company to discuss the office space shortage.

They will be joined by several giant property firms, including SM Prime Holdings, Ayala Corporation, Robinsons Land Corporation, Florete Land, Uygongco Corp., and Megaworld Corp.

“We need to fast-track or else we will lag. We need to explain what we need,” Treñas said.IMT