#Colliers
Diverse demand market to ease office space vacancies
To ease the projected high vacancy rates next year, Bondoc underscores the need to develop a diverse market to raise demand for occupancy.
Philippine property developers shrug off political noise, focus on growth
Philippine property developers are unfazed by the restiveness at the political front, especially with the coming midterm elections, as they are focused on infrastructure being built and pro-business policies recently implemented by the government which will help the industry boost sales and leases.
The real estate market landscape in 2025 and beyond
From the slump during the pandemic years, certain segments of the Philippine real estate sector are on the rebound while others are facing challenges.
Philippines' BPOs seen to benefit from Trump’s protectionist policies
Colliers said the practical alternative for US companies is to cut costs by outsourcing non-core and support functions.
Philippines top investment destination after key reforms—Colliers
The Philippines has emerged as a prime investment destination through tax reforms that have created a favorable business environment for foreign investors, according to a report of property advisory firm Colliers.
Property firms are encouraged to add hotel assets
For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies.
Colliers: Property market worsens in 2024
Last year was not a very good one for the Philippine real estate sector as it saw land values declining in Metro Manila’s central business districts while the condominium supply glut grew to 8.2 years of inventory from 3.2 years in 2023.
Manila condo glut pushes developers to regional markets—Colliers
Amid the glut in condominium units in certain parts of Metro Manila, the Philippine residential property market is primed for a turnaround--particularly in the house and lot segment.
Philippine developers must be nimble in adapting to changes
The Philippine real estate industry faces ongoing challenges, requiring property developers to be nimble and adaptable to maintain profitability in the coming year.
Makati CBD still king of office space despite redevelopment needs
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.
High vacancy rates persist in Metro Manila following POGO exodus
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.
Property developers must evolve with market changes
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.
Buoyant retail sector
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 waters.
Elevated office vacancy rate to continue – report
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.
On-site work prompts rise of office, residential spaces in 2024 – Colliers
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).
Retail spaces vacancy seen rising 17% next year
As more retail spaces are built and occupied in the third quarter of the year, experts from real estate and investment management firm Colliers have forecasted a 17 percent growth in vacancy due to new available physical mall space in 2024.
Record-high supply of new hotels this year seen
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 Colliers.