Office rents in Makati City seen to fall until second half this year according to real estate reports
Office rents in Makati City, the Philippines’ premier financial district, are expected to fall until the second half of the year if market conditions continue to worsen due to global turmoil, a real estate report said.
Other emerging business districts in the country are likely to follow the same trend, Jones Lang LaSalle Leechiu, a global real-estate services company, said in a report entitled “Offshoring and Outsourcing (O&O): Charting the State of the Office Demand in the Philippines.”
Average monthly Grade A rentals, or office spaces in prime areas, in Makati “have gone down by 34 percent to P800 per square meter from Read more…
Categories: Philippine Real Estate, Real Estate Investment, Real Estate News Tags: makati building, makati office spaces, makati real estate, makati space for rent
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