Philippine office market resilient with 24% transaction increase in H1 2024
Leechiu Property Consultants' Commercial Leasing Director Mikko Barranda has downplayed concerns about a potential total ban on Philippine Offshore Gaming Operators (POGOs).
Barranda stated that the market is resilient despite past POGO influence.
In the first half of 2024, there was a 24% increase in office transactions compared to the same period in 2023.
Strong growth was seen in IT-BPM and government sectors.
Demand for residential properties also saw a 6.5% rise in Q2 2024 after three quarters of decline.
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