Aside from the retail industry, the local leisure industry as well is experiencing a big rebound as manifested by the construction of several new hotels, malls, restaurants and casinos. Global management firm Bain & Co. recently reported that the Philippines, along with Malaysia and India, is among the top three…
OVERALL Grade A and Prime office vacancy in Metro Manila remains steady at 16.83 percent by the end of 2023 s third quarter, which is a 6-bps decline quarter on quarter (QoQ) from the reported vacancy of 16.90 percent in the second quarter and a 72-bps increase year on year (YoY) from the reported 16.12 percent vacancy in the third quarter of 2022.
Opportunities and threats for the local office market inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Office vacancies in grade “A” buildings in Metro Manila went up to 16.9 percent by the end of the second quarter, according to property management firm Cushman and Wakefield (C&W) Philippines. The company said the figure is 74 basis points (bps) higher than the estimated 16.16-percent vacancy rate recorded in…
BPOs can put some PH offices at risk of obsolescence inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.