JLL gives a Metro Manila real estate market snapshot of the Office, Residential, Retail and Hospitality sectors for the 2nd Quarter of 2018.
Business News |
Jones Lang La Salle Philippines (JLL) - Foreign investors continue driving office demand with online gaming and Offshoring and Outsourcing firms occupying multiple floors of office buildings, pushing higher rental rates and lowering vacancy levels in Metro Manila. The relaxing ties between the Philippines and mainland China has created spillover effects to the real estate industry as the increased Chinese tourist arrivals thrive the hospitality sector, and Chinese companies and individuals fuel pre-selling activities of residential condominium units. The sustained positive economic performance of the Philippines has maintained investor interest to the retail sector owing to the continued expansion of foreign and local F&B brands.
Please see the overview here.