Office: Following the downward adjustment in the asking rent of a few more buildings, average office rents in the Manila market continued to slide down further on a quarter-on-quarter basis. Several landlords outside the major CBDs continued to provide more flexibility in the headline rents.
Investment: The sub-sector is also bolstered by the rapid expansion of crisis-proof industries such as logistics and e-commerce companies. These companies do not only require additional space for warehousing facilities outside Metro Manila but for presence in major CBDs, as well.
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