Philippines

BPO sector seeks hub in Philippines’ provincial markets over labour costs

The office sector in Clark, Iloilo, and Davao is expected to be ‘very bullish.’

BPO sector seeks hub in Philippines’ provincial markets over labour costs

The office sector in Clark, Iloilo, and Davao is expected to be ‘very bullish.’

Metro Clark office vacancies reach 34.3% in H2 2022

The expansion of the IT-BPO sector will push Metro Clark’s rebound this year.

What could drive data centre growth in the Philippines

The country’s data centre capacity is around 75 megawatts.

Here’s a rundown of the Manila office property sector’s Q4 performance

Over 43,000sqm of leasable office space was made available in Q4 2022.

Metro Manila office market rebounds in 2022

The capital region saw a net absorption of 270,900 square metres.

Crucial factors that will lift Philippine real estate amidst headwinds

The IT business process management industry is one of the key factors.

Manila’s residential vacancy rate declines to 7.5% in Q3

It declined by 117.4 bps vs the previous quarter.

Manila retail net absorption drops to -9,900sqm in Q3

Over a quarter of move-outs were by F&B operators.

Manila office rents inch up 1.1% in Q3

Leasing demand improved as companies returned to office.

Manila to see 808,900 sqm of new office space this year

The vacancy rate is forecast to hit 18.2% by year-end.

Manila retail net absorption hits 23,800sqm in Q2 as store openings abound

Muji and Nike opened 1,400sqm and 1,300sqm stores, respectively.

Manila residential vacancy rate declines to 8.7% in Q2

It contracted by 72.8bps q-o-q, signalling an improvement in leasing demand.

Manila office rents dip 0.2% in Q2

Rental declines were only observed in newly vacated spaces.

Luxury retail projects to watch out for in the Philippines

The 30,000-sqm Mitsukoshi Mall is slated to open in Q4 2022.

The Philippines’ office net absorption finally turns positive after seven quarters

Net take-up was at 26,400sqm in Q2.

Manila residential vacancy rate declines 50bps to 9.4% in Q1

Thanks to local professionals’ activation of leases.

Manila prime retail market plagued by pull-outs in Q1

As a result, net absorption reached -7,300sqm during the quarter.