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Overall Grade ‘A’ office vacancy rate in Metro Manila closed at 16.16% at the end of Q1 2023, which is a 21 bps increase q-o-q from 15.95% in Q4 2022 and an 80 bps increase y-o-y from 15.36% in Q1 2022.

Claro Cordero Jr. • 18/05/2023

Cushman & Wakefield, a global commercial real estate services firm, has recently opened a Shared Services Center (SSC) in Manila, Philippines. 

Tetet Castro • 01/02/2023

Average vacancy rates marginally increased to 16.13% in Q4 2022 from 16.12% in Q3 2022, as average rental rates similarly registered a slight softening of 0.16% quarter-on-quarter (q-o-q) in Q4 2022 primarily due to the volume of new stock completions.

Claro Cordero Jr. • 01/02/2023

Overall Grade ‘A’ office vacancy rate in Metro Manila closed at 16.1% at the end of Q3 2022, albeit only 10 basis-point decrease quarter-on-quarter (q-o-q).

Claro Cordero Jr. • 21/11/2022

Claro Cordero Jr. • 18/08/2022

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