Real estate markets post all-time high vacancy rates

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By: Manila Bulletin

The logistics sector is the lone silver lining in the domestic real estate market in this pandemic as all others are experiencing all-time high vacancy rates, according to a leading property management and consultancy firm.

“The current overall the vacancy levels across sectors (except for Grade A logistics) are at an all time high relative to recent years,” said Janlo de los Reyes, head of Research and Consulting JLL Philippines, at the Q1 2021 Real Estate briefing.

He, however, said that hotel occupancy and residential vacancy were at their lowest in the third quarter of 2020 at 17 percent and 8.2 percent, respectively.

 

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