The Philippine office market registered an eight percent growth in aggregate demand this year to 1.07 million square meters of newly leased space. “The Philippine office market performed better than expected this year amid geopolitical uncertainties and looming fears that hybrid work will cause...
The Philippine tourism sector may return to pre-pandemic levels amid the steady growth and recovery of international flights and tourist arrivals in the third quarter of 2023, but broad recovery may have to have to happen in 2024 yet, a property management and consultancy firm said. Leechiu...
The Philippine office property sector will continue to add up inventories until the end of the year as another 432,000 square meters of office stock is projected for completion in the last quarter, according to property and management consultancy firm Leechiu Property. Leechiu Property...
Estimated new office demand of 300,000 square meters is expected to boost total office space requirement to 600,000 sqm this year with the business process outsourcing (BPO) sector spurring the growth. Leechiu Property Consultants, which is known for its optimistic property projections, said that...
The worst is over for the Philippine property market due to various favorable factors, although the projected office space take-up remained low at 380,000 square meters only or 70 percent lower than the 1.9 million sqm recorded in 2019, according to the country’s leading property and management...