Our July 2024 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- The office segment remains under substantial pressure from the downtrend in global activities as occupiers adjust to changes in leasing demand which include the proliferation of hybrid working arrangements.
- Residential demand is anticipated to exhibit a renewed momentum in the medium term due to the easing of several challenges to affordability.
- The slowing rate of growth of international tourist arrivals from major markets, including China, may also be associated with the rising cost of outbound travel, as well as mobility restrictions, in these source markets.
The above is an excerpt of the July 2024 report. Read the full report.