The vacancy rate of office buildings in the Philippines has risen to 19.9%, experts say: the POGO ban is not the only main reason.

According to the latest "Real Estate Market Monitoring Report" released by the real estate services company CBRE, the vacancy rate of office buildings in Manila will climb to 19.9% in 2024, equivalent to nearly 1.8 million square meters of available office space. Among them, 51% are vacated units, a