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Manila office vacancy rates remain high

Manila office vacancy rates remain high

According to the latest market report, the vacancy rate of office buildings in the Metro Manila area remains around 20%, and the situation of oversupply is expected to continue until 2027. The withdrawal of the POGO industry and the surplus of new supply are the main reasons, and the decline in rent

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After the POGO ban, the vacancy rate of office buildings in Metro Manila approaches 20%.

After the POGO ban, the vacancy rate of office buildings in Metro Manila approaches 20%.

According to the latest real estate market monitoring report released by CBRE Group, a real estate services and investment company, the office space vacancy rate in the Metro Manila area has risen to 19.9% in 2024, reaching a high point in recent years. This figure is equivalent to about 1.8 m

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