Eton Properties sees rise in small office demand

Published May 3, 2021, 5:00 AM

by James A. Loyola

Eton Properties Philippines Inc. is looking to meet rising demand for small office space which is on the rise due to the unique situation arising from the pandemic.

“While demand for office spaces took a dip last year because of the pandemic, the latest trends suggest a rising demand on a particular segment of the office leasing industry,” said Eton Properties Chief Operating Officer Karlu Tan Say.

She said this is the demand for small office spaces.

“Having a work-from-home business model for employees would mean saving office expenses like utilities, supplies, among others. Shifting to a smaller office space can cut down costs without having to cut down on manpower,” Say said. 

Over the first quarter of this year, Eton Properties reported that it has been receiving significant inquiries from companies that would like to transfer from their unused large headquarters to small office spaces.

This is due to the need to downgrade operational expenses and the government’s recommendation for companies to implement flexible work arrangements, including working from home.

In order to keep up with the demand, Eton Properties is currently offering Blakes Tower, a mixed-use property development located in Makati City that answers the need for small and flexible office spaces, dormitories and residential units that can be leased out.

This 36-storey building has 11,000 square meters of leasable areas specially dedicated for offices. 

“It is an ideal one-stop-shop for employers who would like to provide a safe residence for their employees within the same building of their workplace,” said Eton Properties Executive Vice President Engr. Charlie Carlos.

He addd that, “With the pandemic permanently changing people’s perspective and forcing everyone to experience a ‘new normal,’ it is apparent how convenience and accessibility should not be a luxury but a necessity.”

Blakes Tower is located within the mixed-use complex of Eton WestEnd Square along Chino Roces in Makati. Within the development are BPO and off-shore businesses hub, eWestPod and commercial center, eWestMall.