News Formal

Metro Cebu office space market draws interest from Manila occupiers

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

CEBU CITY, Philippines — Interests for office spaces in Metro Cebu have notably increased in the third quarter of 2020, despite the challenges faced by the real property sector amid the

This development was noted by top professional services firm Jones Lang LaSalle in its market overview for the period.

“We have observed a lag in terms of the impact of the pandemic on the office sector overall, and this is seen in the relative resiliency of office rentals in the previous quarters despite the overall slowdown in the market,” said JLL Philippines Head for Research and Consultancy Janlo de los Reyes as he explained the overall resiliency of the office market.

According to the JLL market overview, the average vacancy rate in the office spaces in metro Cebu jumped by 18.6 percent in the third quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marian Rivera expands Flora Vida business outside of Metro ManilaShe's really successful in and outside of showbiz! Congratulations, Marian Rivera!
Source: gmanetwork - 🏆 12. / 63 Read more »