Metro Manila property leasing to rise on boom in e-commerce

ABS-CBN News

Posted at Feb 01 2021 11:52 AM | Updated as of Feb 02 2021 11:26 AM

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MANILA - Property firm Prime Philippines, said Monday that the Metro Manila office rental spaces will see an average of 85 to 87 percent occupancy this year as firms move more of their operations outside the Metro and nearer to the residential areas of their workers. 

Jet Yu, founder and CEO of Prime Philippines, said the boom in logistics and the industrial and warehouse spaces will drive the growth in property leasing this year, hinged on the acceleration of e-commerce in the country.

ERRATUM: An earlier version of this article said the occupancy rate would be 75 to 85 percent. We regret the error.