Core Insights - The office vacancy rate in the Greater Manila area has risen to 20%, five times higher than the pre-pandemic rate of 4% [1] - The increase in vacancy is attributed to new office supply, the exit of Philippine Offshore Gaming Operators (POGOs), and a decline in leasing rates from 42% in Q2 2024 to 14% [1] - Current monthly rent has decreased to 950 pesos per square meter [1] Group 1 - The IT-BPM sector is expected to drive future office space demand, employing 1.9 million people and occupying 35% of office space [1] - The growth of co-working spaces is providing flexible location alternatives for companies, with over 200 co-working offices now available across the Philippines [1] - The vacancy rate for provincial office buildings has reached 30% [1] Group 2 - Government initiatives like the "Build Better More" program and major developers' suburban expansion plans are driving the development of the suburban office market [1]
菲律宾大马尼拉写字楼空置率升至20%,为疫情前五倍
news flash·2025-07-11 01:22