Philippines
Manila office rents inch up 0.6% in 4Q21
Capital values also incrementally increased by 0.8% q-o-q.
Manila retail net absorption hits 285,400sqm in 4Q21
This is the highest figure in the last six quarters.
The Philippines’ data centre capacity to triple in the next few years
Several facilities are expected to be built, which will expand the country’s current capacity of 96MW.
Manila’s Q3 office net absorption eases to -46,700sqm
It was -58,400 sqm in the previous quarter.
Where does Philippine real estate stand in terms of sustainability?
The number of certified green buildings recorded a CAGR of 4.6% as of 3Q21.
Manila’s office vacancy rate reaches record highs since 2005
It surged 726bps to 12% in Q2 2021.
Manila's retail vacancy rate of 7.7% breaches previous record
Manila hit a new 15-year record in Q2 as it overtook the 7% vacancy rate recorded in Q1.
Philippines’ lacklustre office absorption dampens residential demand
Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.
Familia Apartments at Bamboo Lane clinches Special-Purpose Development of the Year - Philippines at Real Estate Asia Awards
It has contributed to addressing the backlog in providing quality shelter for the common Filipino.
Manila retail vacancy rate reaches 15-year high of 7% as store closures persist
This is the highest recorded vacancy rate since 2006.
Manila records lowest residential vacancy since the pandemic hit
Vacancy improved to 9% in Q1 2021, the lowest since Q2 2020.
Manila’s office vacancy rate hits 12-year highs in Q1
Vacancy rate reached 9.8% in Q1, the highest since 2009.
Philippine retailers struggling to rightsize as logistics takes off: JLL
This is following the rise of e-commerce-use amidst long lockdowns throughout the country.
Smart homes with Japanese-inspired minimalist designs are on trend in Manila
Mixing elements of Japanese functionality and simplicity, Tokyo Grand Renovation is becoming famous for making homes into office-ready spaces.
Philippine residential prices to inch up 1.5% in 2022
The pace of growth will likely hinge on a rebound in office leasing.
Manila prime retail net absorption still in the red as store pull-outs persist
Net absorption hit -41,500 sqm in 4Q20 as more store closures were recorded during the period.
Manila's office net absorption plummets 80% in 2020
Take-up in 4Q20 reached 85,800 sqm, enough to lift total net absorption to 68,700 sqm for 2020.
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