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Recent Press Releases
Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade.
Jessica Freeman • 14/01/2022
Office vacancy rate balloons to Global Financial Crisis level as space vacated outweighs take- up
Claro Cordero Jr. • 27/10/2021
Cushman & Wakefield Named World’s Best Real Estate Advisor and Consultant by Euromoney for Fourth Consecutive Year
Globally, Cushman & Wakefield was also ranked the No. 1 advisor and consultant for Property Valuation and Research, each for the fourth consecutive year; No. 1 in Agency Letting/Sales for the third consecutive year; and No. 1 Investment Managers for the second consecutive year.
Claro Cordero Jr. • 16/09/2021
Divergent signs of recovery among key property sub-sectors; Overall office vacancy rate increases as average rents continue to soften
Claro Cordero Jr. • 23/07/2021
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
As the country underwent one of the longest and harshest lockdowns in the world due to the spread of COVID-19, the Philippine economy contracted by -9.5% in 2020, the lowest on record (post-World War II) GDP growth rate of the country.
Claro Cordero Jr. • 28/01/2021