Vol. XXI, No. 144 [ Business World Online ]
Thursday, February 21, 2008 | MANILA, PHILIPPINES
PROPERTY CONSULTANT Leechiu & Associates sees the value of prime and grade A office to continue going up this year as 1.5 million square meters of supply go onstream between now and 2010.
In its property market overview dated February 2008, Leechiu & Associates said only 19% of the pipeline supply has been pre-committed to mostly call center and business process outsourcing (BPO) occupants.
However, supply for grade B/C office "remains a concern" although vacancy has gone down in the last two years due to lack of office space in Makati and Ortigas central business districts. > > > [ full story ]
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