Roderick Abad of BusinessMirror reported on the market insight of Pronove Tai International Property Consultants for 2019.
“While we are positive on 2019, we encourage our clients to diversify their tenancy mix and consider competitive pricing, especially in districts with high vacancy,” Pronove said. Last year, 32 new buildings completed, marking an overall unhealthy vacancy level of 4 percent in the metropolis. A robust vacancy level is at 5 percent to 7 percent.
Muntinlupa City recorded a 3-percent vacancy level, with Makati City and Ortigas Center both at 1 percent.
The Bay Area, however, booked the tightest vacancy at 0.4 percent on the back of strong Pogo take-up.
Read the entire article published on January 24, 2019, here: https://businessmirror.com.ph/2019/01/24/office-market-still-bullish-amid-projected-slowdown-in-take-up/