By: BusinesWorld
RETAIL spaces are seen to make the fastest recovery in the property market due to the reopening of the economy and eased mobility restrictions, according to Colliers Philippines.
“Retail will be the fastest rebound in the property sector, with sales returning to pre-pandemic levels,” Colliers Philippines Managing Director Richard T. Raymundo said in a briefing on Thursday.
“We’re seeing greater consumer traffic, with mall operators saying that 60% of mall traffic is back… so that should be positive for mall space absorption,” Colliers Associate Director Joey Roi H. Bondoc said.
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