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Divergent signs of recovery among key property sub-sectors; Overall office vacancy rate increases as average rents continue to soften
Claro Cordero Jr. • 23/07/2021
While the impact of work-from-home (WFH) on the occupancy needs remains to be seen, the fundamentals of the Philippine commercial property market remain sound, with vacancy levels still below the double-digit frictional vacancy rates, and with compressing rental yield rates, making it still an attractive proposition for investors.
Claro Cordero Jr. • 15/03/2021
Reinstatement costs in Manila (US$39 / sqft or roughly PHP 20,160 / sqm) are the most expensive in Southeast Asia; Heightened focus on innovative technology solutions to facilitate both in-person and remote collaboration
Claro Cordero Jr. • 04/02/2021
As the country underwent one of the longest and harshest lockdowns in the world due to the spread of COVID-19, the Philippine economy contracted by -9.5% in 2020, the lowest on record (post-World War II) GDP growth rate of the country.
Claro Cordero Jr. • 28/01/2021
Prime and Grade A Metro Manila office supply stood at 8.2 million square meters (sq.m.) by end-2020. The total stock grew by 376,000 sq.m., which represents only 45% of the stock originally scheduled for completion in 2020. Of the estimated 1.4 million sq.m. expected to be completed in the next four (4) years, over 509,000 sq.m. of projects have been pushed by at least six (6) months, with over 169,000 sq.m. of which having adjusted completion dates of over two (2) years from their respective intended completion dates.
Claro Cordero Jr. • 21/01/2021
Cushman & Wakefield Philippines was also named the country's No. 1 advisor and consultant and won in all categories – Agency/ Lettings, Valuation and Research.
Claro Cordero Jr. • 01/10/2020
Property Developers Remain Less Optimistic of the Real Estate Market in the Next Six Months: Cushman & Wakefield Philippines Surveys Property Developers
Sixty-seven per cent of real estate developers are unsure of the country’s economic recovery path in the next 12 months, a survey by Cushman & Wakefield Philippines has shown.
Claro Cordero Jr. • 11/09/2020
As at Q2 2020, just four markets, Manila, Bangkok, Ho Chi Minh City and Taipei in the Asia Pacific region remain landlord friendly, down from 11 at the start of the year and all four are reporting softening conditions.
Claro Cordero Jr. • 07/09/2020
GLOBAL PRESS RELEASES
Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today released its third annual Corporate Social Responsibility (CSR) Report.