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Colliers sees gap in market for Region III industrial space - BusinessWorld Online

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Colliers Philippines said the market for industrial space in Central Luzon (Region III) remains underserved relative to the region’s economic potential. READ:

In a statement on Tuesday, Colliers, a property consultancy, said that Central Luzon has the potential to attract job-generating manufacturing investment.Colliers Associate Director of Research Joey Roi Bondoc called Central Luzon a viable consumer base for manufactured goods, noting its high growth levels.

“Colliers believes that property firms should continue developing industrial parks and modernizing warehouses in Central Luzon to capture the region’s economic expansion and continued industrial space take up from manufacturing locators,” Mr. Bondoc said.“From 2022 to 2024, we see the completion of about 307 hectares of new industrial space particularly in Pampanga, Tarlac, and Zambales,” it said.

Colliers added that the infrastructure in Central Luzon will help attract more manufacturing and logistics investment.

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