PH office leasing H1 volumes up 42%THE Philippine office property sector was among the markets in Asia Pacific that posted increased leasing volumes in the first half of this year, a global real estate services firm said. Leasing volumes in Shanghai and Beijing dropped by 40-50 percent during the first half of the year partly due to lower supply, while India’s leasing volumes also declined. In a report, Jones Lang Lasalle said office leasing volumes in Manila grew 42 percent in the first half of this year, registering the second highest leasing volume in the region. JLL noted that office leasing volumes in most Asia Pacific property markets were down in the first six months of the year. “Manila continues to be a favored location for BPO [business process outsourcing] with H1 volumes up 42 percent year-on-year,” JLL said.

Source: Manila Times August 05, 2016 15:22 UTC