EXCERPT

Professional services and investment management firm Colliers reported that office transactions last year increased by 18 percent to 422,000 square meters from 357,000 square meters in 2020.

The bulk of the transactions was made in the last quarter of 2021 when mobility increased as the government eased alert levels.

On the other hand, the third quarter of last year recorded the least transaction volume with around 69,000 sqm amid the Delta surge.

In a briefing Wednesday, Colliers Philippines director for Office Services Dom Frederick Andaya said the office market is expected to be better this year.

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