The Edge Vol. 7

Approximately 182,000 sq.m. of new office spaces were completed within Q1 2022, resulting to existing consolidated Prime and Grade ‘A’ office supply of around 9.1 million sq.m. 

Claro Cordero Jr. • 02/05/2022

The emergence of Omicron variant delayed the return-to-office strategies of companies, upward trend in office vacancy rate to persist in 2022

Claro Cordero Jr. • 14/02/2022

Claro Cordero Jr. • 28/01/2022

Ma. Therese Castro • 05/10/2018

Approximately 182,000 sq.m. of new office spaces were completed within Q1 2022, resulting to existing consolidated Prime and Grade ‘A’ office supply of around 9.1 million sq.m. 

Claro Cordero Jr. • 02/05/2022

Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade. 

Jessica Freeman • 14/01/2022

Amanda Phua • 23/08/2021

Overall Metro Manila Prime and Grade ‘A’ office vacancy rate grew by 290 basis points (bps) quarter-on-quarter (QoQ) and 710 bps year-on-year (YoY) to 10.7% in the first quarter of 2021. This is the first double-digit vacancy rate recorded after the 14.5% figure in 2009 as an effect of the Global Financial Crisis (GFC).

Claro Cordero Jr. • 23/04/2021

As the country underwent one of the longest and harshest lockdowns in the world due to the spread of COVID-19, the Philippine economy contracted by -9.5% in 2020, the lowest on record (post-World War II) GDP growth rate of the country.

Claro Cordero Jr. • 28/01/2021

Claro Cordero Jr. • 28/01/2022

While the impact of work-from-home (WFH) on the occupancy needs remains to be seen, the fundamentals of the Philippine commercial property market remain sound, with vacancy levels still below the double-digit frictional vacancy rates, and with compressing rental yield rates, making it still an attractive proposition for investors.

Claro Cordero Jr. • 15/03/2021