APAC Outlook 2025

Overall Grade ‘A’ office vacancy rate in Metro Manila closed at 16.1% at the end of Q3 2022, albeit only 10 basis-point decrease quarter-on-quarter (q-o-q).

Claro Cordero Jr. • 21/11/2022

Claro Cordero Jr. • 18/08/2022

Approximately 182,000 sq.m. of new office spaces were completed within Q1 2022, resulting to existing consolidated Prime and Grade ‘A’ office supply of around 9.1 million sq.m. 

Claro Cordero Jr. • 02/05/2022

The emergence of Omicron variant delayed the return-to-office strategies of companies, upward trend in office vacancy rate to persist in 2022

Claro Cordero Jr. • 14/02/2022

Claro Cordero Jr. • 28/01/2022

Dennis Yeo leads new regional practice group; Tim Foster joins as Head of Supply Chain & Logistics Advisory.

Amanda Phua • 08/11/2021

Amanda Phua • 23/08/2021

Overall Metro Manila Prime and Grade ‘A’ office vacancy rate grew by 290 basis points (bps) quarter-on-quarter (QoQ) and 710 bps year-on-year (YoY) to 10.7% in the first quarter of 2021. This is the first double-digit vacancy rate recorded after the 14.5% figure in 2009 as an effect of the Global Financial Crisis (GFC).

Claro Cordero Jr. • 23/04/2021

While the impact of work-from-home (WFH) on the occupancy needs remains to be seen, the fundamentals of the Philippine commercial property market remain sound, with vacancy levels still below the double-digit frictional vacancy rates, and with compressing rental yield rates, making it still an attractive proposition for investors.

Claro Cordero Jr. • 15/03/2021

Reinstatement costs in Manila (US$39 / sqft or roughly PHP 20,160 / sqm) are the most expensive in Southeast Asia; Heightened focus on innovative technology solutions to facilitate both in-person and remote collaboration

Claro Cordero Jr. • 04/02/2021