Prime PH: Vacancies in Metro Manila to rise; Logistics, warehousing to drive leasing this year | ANC

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Market Edge: Prime Philippines’ Jet Yu expects higher vacancy rates this year, as more Metro Manila projects stalled last year are completed, and as companies ‘decentralize’ and set-up smaller offices outside the Metro for a ‘hub and spoke’ model. He adds that logistics and warehousing, which support a booming e-commerce, are expected to drive leasing this year- with data centre also gaining traction.

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