Our January 2022 edition of the report takes a look at the latest market activities in the Philippine commercial real estate sector and provides an outlook on the sub-sectors.
- Real estate activities are expected to pick up in 2022. As the rate of vaccination rapidly increase, renewed consumer sentiment will encourage real estate demand. Whilst the recovery path is not expected to be smooth as investors stay cautious, the general economy and the property sector could see a better figure this year as soon the country pivots away from the vicious cycle of returning to strict lockdown measures.
- The growth of the industrial/logistics sub-sector will be buoyed by the resumption of the deferred expansion plans of the manufacturing locators and by the increase in international activities that will generate more demand for warehouses.