Manila office market a strategic location for investors looking to diversify
Expected expansion plans of IT-BPM firms are likely to benefit this sub-sector
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.
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