Demand for condominiums in CBDs increases

BusinessWorld

Apr 21, 2022

EXCERPT


DEMAND for condominiums and commercial properties in central business districts (CBDs) around the country have surged after the government and many companies implemented return-to-office orders, according to online real estate marketplace platform Lamudi.


In a statement, Lamudi said latest data showed that CBD-hosting cities in Metro Manila have recorded stronger demand for commercial property, while residential rental inquiries have also increased.


“In the financial capital of the country, Makati, the P100,000 to P200,000 price range attracted the largest share of leads for commercial properties to rent in Lamudi in Q1 2022. Offices followed by buildings and retail were the most popular commercial subcategories on Lamudi in the same period,” it said.


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