Office take-up outpaced by new supply, vacancy to hold at 20% — Savills - BusinessWorld Online

Office take-up outpaced by new supply, vacancy to hold at 20% — Savills - BusinessWorld Online

OFFICE VACANCY in Metro Manila is expected to hover around 20% this year, as take-up from healthcare and business process outsourcing (BPO) tenants is outpaced by new supply, according to real estate consultancy Savills Philippines. “I think office vacancy will remain at more or less 20% in 2026 because of new supply being completed,” Savills Philippines Chief Operating Officer Rosario “Cha” P. Carbonell said during the firm’s property market br…