Managed facility operators are gaining ground as companies rethink office leasing strategies in response to tighter capital conditions and elevated uncertainty, according to Mikko Barranda, director for commercial leasing at Leechiu Property Consultants.
Speaking at a press briefing on Tuesday,April 7, Barranda said more tenants are turning to third party operators that act as intermediaries, taking on leases and delivering fully built office spaces tailored to client requirements.
“These operators can sign the lease on behalf of the tenant, deliver the space according to specifications, and manage the property. More importantly, they can amortize the cost of capital,” he said.
The arrangement allows firms to avoid large upfront construction expenses, typically ranging from P30 million to P50 million, by spreading payments over time.
This helps preserve cash and maintain liquidity, particularly in a more challenging business environment.
Barranda said the model is gaining traction among companies seeking to expand without committing significant capital at the outset. Instead of paying the full construction cost on day one, tenants can defer expenses over a longer period.
He said the shift reflects a broader move toward caution in leasing decisions as uncertainty persists.
“This will likely remain a key trend as companies navigate a more uncertain environment,” he said.
Barranda added that many tenants, particularly in the business process outsourcing sector, continue to expand out of necessity but are becoming more deliberate in their commitments.
“There is greater discernment. Companies are more intentional and more conservative when taking on space,” he said.
