Live Breaking News & Updates on 000 Square Meters More Office Space Will Be Completed This Year

MAKATI CBD. Makati central business district is home to bulk of offices spaces in the country. The office market in the Philippines is expected to further recover this year as employees are ordered to return to their workplaces. (File photo) MANILA - As the coronavirus disease 2019 (Covid-19) restrictions eased and workers are urged to return to their workplaces, the Philippine office market is expected to stabilize occupancy rate for 2022, a professional services and investment management firm said. During the Colliers Philippine property market briefing Thursday, the company has seen a positive net absorption on office spaces in the first quarter this year, riding the return-to-office (RTO) momentum. Colliers Philippines Office services-tenant representation senior director Dom Frederick Andaya said the office market had a net take-up of 26,400 square meters in January to March this year, the first positive net take-up after seven consecutive quarters of negative absorption. "Th ....

Dom Frederick Andaya , Colliers Philippines Office , Colliers Philippine , Philippines Office , Makati Cbd Central Business District Is Home To Bulk Of Offices Spaces In The Country Office Market Philippines Expected Further Recover This Year As Employees Are Ordered Return Their Workplaces File Photo Manila Coronavirus Disease 2019 Covid 19 Restrictions Eased And Workers Urged , He Philippine Office Market Is Expected To Stabilize Occupancy Rate For 2022 , A Professional Services And Investment Management Firm Said During The Colliers Philippine Property Market Briefing Thursday , He Company Has Seena Positive Net Absorption On Office Spaces In The First Quarter This Year , Iding The Return To Office Rto Momentum Colliers Philippines Services Tenant Representation Senior Director Dom Frederick Andaya Said Market Hada Net Take Up Of 26 , 400 Square Meters In January To March This Year , He First Positive Net Take Up After Seven Consecutive Quarters Of Negative Absorption Quot The Return To Office And Expansion Plans Companies Buoyed By Improving Pandemic Situation Economic Stimulus Measures Should Accelerate For Remainder 2022 , Uot Andaya Added For The Full Year 2022 , Et Absorption For Office Space Is Projected To Reach 350 , 000 Square Meters More Office Space Will Be Completed This Year , Dding 821 , 900 Square Meters Of Available Office Space , 0 Percent Of Which Are Located In Ortigas Central Business District , Makati Fringe , Nd The Bay Area Colliers Philippines Also Advised Tenants To Take Advantage Of Lower Office Rents , Hich Declined By 3 1 Percent In The First Quarter Of 2022 Compared To Fourth 2021 It Added That Office Rents Have Plummeted 30 Pre Pandemic Levels Pna ,