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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
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