Estimated average office (gross) rental yields in Q3 2024 increased to 6.92% from its Q2 2024 level at 6.90%. Year-on-year (yoy), rental yields increased by 2 bps from their level in Q3 2023. As the Monetary Board is expected to implement further reduction in the Bangko Sentral ng Pilipinas’ (BSP) policy rates before the end of 2024, C&W Research estimates gross rental yields for the Manila market to continue its upward movement in the near term.
Investment MarketBeat Report
Claro Cordero Jr. • 04/11/2024
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Welcome to the Cushman & Wakefield Greater China Blog. Here you will find timely commentary, analysis, and opinion from our team.