After POGO withdrawal, the Philippine office market warms up for the first time: vacancy rate to drop below 20%

The Philippine office market is at a turning point. Following the government's comprehensive ban on Philippine Offshore Gaming Operators (POGO), the Manila commercial real estate market is undergoing structural adjustments. Latest industry data shows that traditional industries are rapidly filling t

25like·0comment

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

22like·0comment

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

30like·0comment

/ THE END /