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Overall Grade ‘A’ office vacancies in Metro Manila increased to 16.90% by end-Q2 2023, a 74-bps increase q-o-q from the estimated 16.16% vacancy rate in Q1 2023 and a 69-bps increase y-o-y from the 16.2% vacancy rates estimated in Q2 2022.

Claro Cordero Jr. • 26/07/2023

Cushman & Wakefield (NYSE: CWK) is pleased to announce new senior hires in its Capital Advisory business in Australia and Greater China, augmenting its Capital Advisory platform across Asia Pacific and the globe.

Chek Yee Foo • 26/06/2023

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

Overall Metro Manila Prime and Grade ‘A’ office vacancy rate grew by 290 basis points (bps) quarter-on-quarter (QoQ) and 710 bps year-on-year (YoY) to 10.7% in the first quarter of 2021. This is the first double-digit vacancy rate recorded after the 14.5% figure in 2009 as an effect of the Global Financial Crisis (GFC).

Claro Cordero Jr. • 23/04/2021

While the impact of work-from-home (WFH) on the occupancy needs remains to be seen, the fundamentals of the Philippine commercial property market remain sound, with vacancy levels still below the double-digit frictional vacancy rates, and with compressing rental yield rates, making it still an attractive proposition for investors.

Claro Cordero Jr. • 15/03/2021