Metro Manila office space vacancy widens in 2024

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The story "Metro Manila office space vacancy widens in 2024" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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Metro Manila office space vacancy widens in 2024 - Business Mirror

Quick Summary:

Real estate services firm JLL Philippines said office pullouts reached an all-time high in 2024 mainly due to the ban on Philippine online gaming operations imposed by the government.

Taguig, meanwhile, has a 14.9- percent vacancy rate, while that of BGC reached 9.2 percent.

Philippine online gaming operations were banned by President Marcos effective December 31, 2024.