Arthaland recalibrates as office demand dwindles

Po family-led developer Arthaland Corp. will shift its focus toward residential projects due to the apparent decline in office space occupancy in the postpandemic era as more companies favor hybrid work arrangements.

Arthaland vice chair and president Jaime Gonzalez on Friday said they were taking more cautious steps toward pursuing office space projects.

“We are focusing on residential projects for the simple reason that we need to understand what is the full impact of work-from-home hybrid programs that many companies are implementing,” Gonzalez said during the company’s annual stockholders meeting.