Prime and Grade A buildings in CBDs are seeing tightening vacancies and may shift toward a landlord-favorable position in the medium term, supported by limited new supply and sustained interest from multinationals and financial institutions. In contrast, decentralized locations are expected to face continued rental adjustments and landlord concessions, with over 300,000 sqm of new supply projected through end-2027. Elevated vacancy rates and hybrid work trends are likely to weigh on performance in these areas.
Office MarketBeat Report
Claro Cordero Jr. • 26/08/2025
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