Metro Manila office and retail space rental rates continue to decline as more Philippine offshore gaming operators (POGOs) exit and new buildings are completed.
JLL Philippines said in its latest office market update released Tuesday that the rental gap between headline rates and discounted rental rates remains in the double digits, with rents trailing by about 10 percent due to supply pressure and elevated vacancy levels.
“Our latest data reflects a...
Metro Manila office and retail space rental rates continue to decline as more Philippine offshore gaming operators (POGOs) exit and new buildings are completed.
JLL Philippines said in its latest office market update released Tuesday that the rental gap between headline rates and discounted rental rates remains in the double digits, with rents trailing by about 10 percent due to supply pressure and elevated vacancy levels.
“Our latest data reflects a...
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