Leasing Demand for FY 2024 Grows Steadily Despite Challenges

Quick Summary:

Makati City, December 16, 2024—The Philippine office leasing market recorded 1.1 million sq m of transacted deals in 2024, reflecting a 4 percent year-on-year growth and marking the highest transaction volume since the pandemic.

This expansion comes despite challenges such as the POGO ban, high interest rates, and inflationary pressures.

With steady demand growth since 2021, the Philippine office leasing sector is poised for long-term recovery.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: 2024 Area Demand Recorded Percent It-bpm Market Pogo Transactions Office Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 16:01:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24962333

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 31 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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