In 2024, the office vacancy in Metro Manila was at a record high at 19.8 percent, according to Joey Bondoc, senior researcher at Collier’s Philippines. At the press briefing held at the Grand Westside Hotel on March 18, he further reported a projected 22 percent vacancy rate increase this year....
The onset of economic reforms and foreign investment in the 1980s spurred commercial and residential property development in the country, marked by increased competition and diversification of the property sector. Single-use property developments have evolved to mix-use properties since the 1990s...
If there’s one realization this global pandemic has confirmed, it is that serviced residences have become an alternative not just for the traveling business set, but for anyone needing extended leisure stays away from home. Whatever pre-2020 notion one might have had of these home-away-from-home...