EXCERPT

More employees are starting to report on site. At Colliers Philippines, we believe this should help lift the office leasing market, whose recovery will also be supported by the delivery of new office towers over the next nine months.

Colliers Philippines saw an improvement in office transactions in Metro Manila last year, driven primarily by traditional and outsourcing firms. Our Office Services team, which assists some of the largest occupiers and landlords in the country, is expecting further improvement in deals in 2022. Supporting our projected recovery in office leasing is the completion of close to 900,000 sqm of new office supply.

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