Manila office market a strategic location for investors looking to diversify

THE office sub-sector in Manila is showing some resilience in a climate where Central Business District office footprints are being cut.

In a recent poll of property developers, 44 per cent of the respondents expects the office sub-sector in the Philippines to recover the fastest.

While the level of transactions is significantly down, approximately 50 per cent of the pipeline supply - amounting to around 450,000 square metres - scheduled for completion within 2020 is expected to be delayed.