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Philippine MarketBeat Reports

Claro Cordero Jr. • 06/02/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

OfficeOverall Prime and Grade ‘A’ office vacancies decreased by 58-bps in Q4 2023, with the vacancy figure closing at 16.26% from the reported vacancy of 16.84% in Q3 2023. An absorption figure of roughly 0.11 million sqm of office space was recorded in the quarter, the highest recorded absorption figure since 4Q 2021, which brings the net absorption for 2023 to over 0.23 million sqm.

Investment: Estimated average office (gross) rental yields in Q4 2023 inched downwards to 6.80% from its Q3 2023 level at 6.90%. Year-on-year (YoY), however, the rental yields increased by about 55 bps from its level in Q4 2022. Despite a respite from the hike in key global interest rates, C&W Research, however, estimates gross rental yields for the Manila market will slightly increase in 2024 in view of the anticipated second round effects of the consecutive policy rate adjustments made by the Bangko Sentral ng Pilipinas.

Learn more by clicking our most recent Philippine MarketBeat reports below.


Office Buildings CBD

Office MarketBeat Report

The Philippine economy grew by 5.6% in Q4 2024, bringing the full-year 2023 GDP growth rate to 5.6% due to better-than-expected growth in consumer spending and strong manufacturing output.
Claro Cordero Jr. • 06/02/2024
Warehouse Internal Rack

Investment MarketBeat Report

Estimated average office (gross) rental yields in Q4 2023 inched downwards to 6.80% from its Q3 2023 level at 6.90%. 
Claro Cordero Jr. • 06/02/2024


How Global Brands Are Shaping the Metro Manila Retailer Landscape 2021

How Global Brands Are Shaping the Metro Manila Retailer Landscape 2021

The COVID-19 crisis has upended businesses globally, but it has been especially tough in the retail segment as the implementation of various containment measures restricts activities in the industry.
Claro Cordero Jr. • 28/01/2022
COVID-19 Real Estate Developer Sentiment Survey Second Edition
Research • Investment / Capital Markets

COVID-19 Real Estate Developer Sentiment Survey Second Edition

The COVID-19 Real Estate Developer Sentiment Survey Second Edition seeks to gauge the changes in the real estate developers’ viewpoint on the recovery prospects of the economy and the real estate sector as uncertainties remain, more than a year after the onset of COVID-19 pandemic in the Philippines when the first issue of the survey was released.
Claro Cordero Jr. • 20/08/2021
Philippine Industrial Market Spotlight

Philippine Industrial Market Spotlight

As the battle with the effects of pandemic-induced global uncertainties continues, we examine the performance and prospects of growth that are presented to the Philippines’ industrial segment.
Claro Cordero Jr. • 27/01/2021
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