Market Trends

Philippines Office Market Overview for Q1 2023

In Q1 2023, the Philippine office market showed several significant trends and developments: Average Prime & Grade A rents in Metro Manila saw a slight year-on-year decline of 0.44%, despite a 74% year-on-year growth in net absorption in 2022. Total completions in Q1 2023 were recorded at 0.09 million sq.m, bringing the estimated total Prime and Grade 'A' office supply in Metro Manila to...

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