Workspace solutions provider Regus Philippines is projecting around 20 percent to 30 percent growth in co-working spaces this year driven by the country's young workforce and growing small, medium enterprises (SMEs).
"The industry of co-working, flexible work spaces is going to grow by 20-30 percent," Lars Wittig, country manager for Regus Philippines, said in a press conference on Friday.
Wittig said that currently, only one to two percent of office inventories are for flexible or co-working spaces.
"The Philippines is an emerging economy, like the Philippines, 85 percent it is driven by the SMEs... also you have a young population which are educated, English-speaking, and very tech savvy," he said.
"I'm very optimistic because economies are doing very well," he added. —Ted Cordero/JST, GMA News