Despite being due for redevelopment, Makati's central business district (CBD) remains a top choice for office tenants, surpassing the newer Fort Bonifacio area, according to Colliers Philippines' third-quarter briefing polls. "The business hub continues to attract multinational corporations and...
The ban on Philippine Offshore Gaming Operations (POGOs) has dragged down Metro Manila's property sector, particularly the condominium and office markets, Colliers Philippines said. Based on Colliers' third-quarter 2024 report, the Metro Manila office market posted its first negative...
Philippine real estate companies must recalibrate their product offerings, particularly in office spaces and residential markets, in order to remain viable amid changing preferences among consumers. Colliers Philippines Research Director Joey Bondoc said this recommendation is based on the results...
Amid continuing high vacancy rate and lukewarm overall real estate industry in the country, a buoyant retail sector is expected to provide the much-needed breather with more landlords aggressively undertaking renovations along with more mall completion as foreign brands are testing the local...
In a recent property preview event, RLC Residences showcased its commitment to innovative design and sustainable living with an insightful discussion about real estate trends alongside Joey Bondoc, research director at Colliers International Philippines. "We are proud to be at the forefront of the...
Elevated office space vacancy rate in Metro Manila is expected to continue, although marginally, this year due to new completions and surrenders from non-renewals of pre-pandemic leases, according to the latest report by a real estate management services firm. Colliers, in a report released...
As more retail spaces are built in the third quarter of the year, experts from real estate and investment management firm Colliers have forecasted vacancy rate to further rise to 17 percent next year from 14.l4 percent in the first quarter this year due to new available physical mall space in...
Professional services and investment management company Colliers projected that office and residential properties will continue to expand and multiply by 2024 as on-site work gradually resumes due to the decreasing impact of the Covid-19 pandemic in the National Capital Region (NCR). ...
A record-high 5,300 new hotel rooms are projected to be completed in 2023 driven by strong rebound in the tourism sector amid the return of business travels and in person corporate events, according to data released by leading diversified professional services and investment management company...
Vacancy rate in office space this year could further exceed growth in demand with new stocks coming on stream, according to the country’s leading property management and consultancy firm Colliers. Kevin Jara, Colliers Philippines head of the office sector in his presentation at the Q4 2022...
