The City of Manila has definitely had a resurgence under the leadership of Mayor Francisco “Isko Moreno” Domagoso. When Mayor Isko removed unlawful obstructions and cleared illegal vendors off of Manila’s streets and sidewalks, he effectively changed how the city looked and how it moved. By cleaning up the city and bringing order to chaos, the determined mayor gave the City of Manila a fresh new feel that continues to inspire business confidence and draw consumer interest. And this hasn’t changed despite the COVID pandemic.
According to Lobien Realty Group (LRG), the City of Manila has a total of 99,874.29 square meters (sqm) of gross leasable office space and only 5,650.63 square meters (sqm) are currently vacant. LRG pointed out that this translates to a single digit vacancy rate of 6%, which is very low and signifies that in Manila, there is demand for office spaces and what is supplied in the market is being taken up.Continue reading