Office vacancies could rise to a two-year high in Manila, as the Philippines starts to crack down on Chinese-operated online gaming operators to curb a rise in criminal activity associated with their operations.Vacancies are likely to rise to 7.6 per cent this year, a level last recorded in the last quarter of 2017, from 4.3 per cent in 2019, based on data by consultancies Colliers International and Cushman & Wakefield. Rents are also likely to decline amid lower demand for projects set to be…
Source : South China Morning Post
Read more…Metro Manila office market could decline to two-year low amid Philippine crackdown on Chinese online gaming operations















