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Demand for retail space returning to pre-Covid level

File photo MANILA - Demand for commercial space is supporting the growth of the country's property market with the easing of travel restrictions and recovery from the pandemic. Real estate services company Santos Knight Frank reported Tuesday that vacancy rate in the commercial sector for the second quarter of 2022 was at 4.6 percent, which was close to pre-pandemic level. Before the Covid-19 pandemic, vacancy rate for commercial space was at 3.6 percent in the fourth quarter of 2019. "The easing of travel restrictions, pent-up demand for consumption, high vaccination rates, and the return to office (RTO) are all being cited for the recovery in brick-and-mortar retail, a sector that saw many businesses closing shop during the height of pandemic lockdowns," Santos Knight Frank said in a statement. For the upcoming stores in Metro Manila alone, 32.7 percent of commercial space takers are for the food and beverage sector and 32.1 percent are for clothing apparel stores. &quo ....

South Korea , Metro Manila , Philippines General , Ferdinand Romualdez Marcos Jr , Santos Knight Frank , Morgan Mcgilvray , Knight Frank , President Ferdinand Romualdez Marcos , File Photo Manila Demand For Commercial Space Is Supporting The Growth Of Country 39s Property Market With Easing Travel Restrictions And Recovery From Pandemic Real Estate Services Company Santos Knight Frank Reported Tuesday That Vacancy Rate In Sector Second Quarter 2022 Was At 4 6 Percent , Hich Was Close To Pre Pandemic Level Before The Covid 19 , Acancy Rate For Commercial Space Was At 3 6 Percent In The Fourth Quarter Of 2019 Quot Easing Travel Restrictions , Ent Up Demand For Consumption , High Vaccination Rates , Nd The Return To Office Rto Are All Being Cited For Recovery In Brick And Mortar Retail , A Sector That Saw Many Businesses Closing Shop During The Height Of Pandemic Lockdowns , Uot Santos Knight Frank Said Ina Statement For The Upcoming Stores In Metro Manila Alone , 2 7 Percent Of Commercial Space Takers Are For The Food And Beverage Sector 32 1 Clothing Apparel Stores Quott He Philippines 39 Property Is Likely To See Significant Recovery In Next Two Three Years Into Administration President Ferdinand Romualdez Marcos , S Demand Returns On Both Commercial And Residential Property , Uot It Added With The Government 39s Directive To Register Business Process Outsourcing Bpo Firms Rto Last April , Antos Knight Frank Has Also Seen An Increase In Activity The Office Market Quot Second Quarter Was First For Many Employees To Return With That , E Also Saw An Increase In Leasing Activity For The First Time Ina While , Uot Santos Knight Frank Senior Director For Occupier Strategy And Solutions Morgan Mcgilvray Said Ina Press Conference However , Acancy Rate In April To June 2022 Period Has Remained High At 23 Percent As 228 , 500 Square Meters Of Office Spaces Were Added In Metro Manila The Second Quarter Year Quot Lastly , The Philippines , S With India ,

Highly Vaxxed Portugal Also Has Highest COVID Daily Death Count in the EU

They were wrong about vaccine efficacy, but don't expect an apology. ....

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Despite high Covid-19 case counts, Asian nations learn to live with the virus

South Korea is considering downgrading the way it categorizes Covid as an infectious disease; Singapore is steadily dropping restrictions ....

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Inflation Pushing Real Interest Rates Into Negative Territory; Rising Prices Wearing Down U.S. Workers

Inflation Pushing Real Interest Rates Into Negative Territory; Rising Prices Wearing Down U.S. Workers
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EUROPEAN MIDDAY BRIEFING - Daimler Truck Rises, -2-

EUROPEAN MIDDAY BRIEFING - Daimler Truck Rises, -2-
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