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Expat influx not likely to inflate leases





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Date Posted: 2012-06-18 11:12:23
Site Posted: Myproperty.ph



“Expatriate population is still growing as there has been no let up in the entry and expansion of outsourcing and off shoring companies,” CBRE Philippines said in its first-quarter report released this week.

“The expansion of multinational companies due to the favorable macroeconomic situation is likewise contributing to the inflow of expatriates,” it added.

As a result, occupancy rates for Grade A offices in major business districts stood at 96% on average for January to March, CBRE said.

Read the full article at Business World Online.

For More Information Visit:
http://myproperty.ph/en/Article.aspx?artid=274

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