ALL four segments of the domestic real estate market tracked by Colliers International are expected to continue to expand in the next three years as developers take their cue from a fast-growing economy, according to the consultancy.
However, despite the increase in leasable office properties, the demand for the premium and grade B segments reduced the CBD’s overall vacancy rate, which settled at sub-4.0%, Mr. Guevara added.
Businessmen must expect a rental rate increase between 5% and 7% in the second quarter of 2014, he advised, “as take-up is estimated to build up amidst the lack of appropriate space.”
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Cebu
Mactan Condo
One
Manchester Place, One Pacific Residence, 8 Newtown Blvd
A Prime
Upscale Development in the Mactan Newtown by Megaworld Corporation
Invest
for as Low as Php 8,000.00 / month!
Raymund
Baroy
Property
Consultant, Megaworld Corporation
International:
+639065549505
Local:
09065549505
www.mactannewtown.net
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