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Philippine MarketBeat Reports

Claro Cordero Jr. • 15/05/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office:  Average asking rents in Metro Manila closed at PHP 1,041 per sq.m. per month by end-Q1 2023, a growth of 0.27% q-o-q from the recorded average asking rents of PHP 1,038 / sq.m. / month from Q4 2022. Albeit a growth in the previous quarter, this figure remains as a 0.4% contraction (y-o-y) from the monthly rate of PHP 1,045 / sq.m. / month reported in end-Q1 2022, suggesting that the overall office market is still in its recovery stage to pre- pandemic rates.

Investment:  Estimated average office (gross) rental yields in Q1 2023 inched up by 65 bps from its Q4 2022 level to settle at 6.90%. Year-on-year (YoY), the rental yields increased by about 70 bps from its level in Q1 2022. C&W Research estimates rental yields to further inch up in the short-term, in anticipation of further adjustments in the key policy rate hike within 2023.

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


Office Buildings CBD
MarketBeat • Insights

Office MarketBeat Report

The Philippine Gross Domestic Product (GDP) grew by 6.4 in Q1 2023, beating the forecast of most analysts while still falling within the government estimates. Marked as the lowest growth rate registered since Q2 2021.
Claro Cordero Jr. • 15/05/2023
Warehouse Internal Rack
MarketBeat • Insights

Investment MarketBeat Report

In Q1 2023, Bangko Sentral ng Pilipinas (BSP) delivered two policy rate hikes, the first was in February by 50 basis points (bps) and another one last March by 25 pbs, bringing the current benchmark rate to 6.25%.
Claro Cordero Jr. • 15/05/2023


How Global Brands Are Shaping the Metro Manila Retailer Landscape 2021
Research • Occupier

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
Research • Industrial

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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