• Home
  • About Us
    • Our People
    • KMC 10th Year Anniversary
  • Services
    • Transactions and Advisory Services
    • Landlord Representation
    • Investments
    • Research and Consultancy
    • Offshoring Corporate Services
    • Asset Management
    • Residential Services
    • Serviced Offices
    • Project Management
    • Hotels and Leisure
    • Retail Services
    • Valuation & Appraisal Services
    • Industrial And Logistics Services
    • Data Center Services
  • Resources
    • EpicSpace
    • Philippines
    • Case Studies
    • Testimonials
  • Research & Insights
  • Careers
  • Contact Us

KMC Header

KMC Savills
PH (+63) 2-8403-5519
[email protected]
  • About Us
    • Our People
    • KMC 10th Year Anniversary
  • Services
    • Transactions and Advisory Services
    • Occupier Services
    • Investments
    • Research and Consultancy
    • Offshoring Corporate Services
    • Asset Management
    • Residential Services
    • Serviced Offices
    • Project Management
    • Hotels and Leisure
    • Retail Services
    • Valuation & Appraisal Services
    • Industrial And Logistics Services
    • Data Center Services
    • Hub and Spoke
  • Resources
    • EpicSpace
    • Philippines
    • Case Studies
    • Testimonials
  • Research & Insights
  • Careers
  • Contact Us
Inquire Now
List your property

KMC Savills Cebu Office Briefing 4Q 2017

https://kmcmaggroup.com/research-insights/2018/kmc-savills-cebu-office-briefing-4q-2017/
Real Estate,Cebu,Cebu Office Space,Metro Manila,Research Report,Industry Insights,Market Reports,
KMC Savills Cebu Office Briefing 4Q 2017

KMC Savills Cebu Office Briefing 4Q 2017

KMC Savills

Posted on Monday, March 5, 2018 Thursday, December 9, 2021
  • Home
  • Research & Insights
  • 2018
  • KMC Savills Cebu Office Briefing 4Q 2017
KMC Savills Cebu Office Briefing 4Q 2017

KMC Savills is pleased to present the latest Cebu Office Briefing for 4Q 2017. The report provides current data on rental rates, vacancies, and supply pipeline in Metro Manila's central business districts and submarkets for the previous quarter.

Key Highlights:

  • Cebu surpassed expectations as net absorption surged to 67,500 sq m in 4Q/2017. Vacancies dropped in all submarkets which resulted to an overall vacancy rate of 3.8% by the end of 2017. The Cebu Fringe had an impressive run after ending the year with a vacancy rate of 9.4% from 21.3% in 4Q/2016. Much of the performance was driven by Mactan Newtown after Tower One Plaza Magellan was fully leased out upon completion. 
  • With the notable net absorption, rental growth in Cebu continued to recover following an increase of around 3.4% YoY. It ended the year with an average rental rate of Php 551.2 per sq m / month. Rents in the Fringe were also on an uptrend after accelerating 2.0% YoY in 4Q/2017 compared to a decline of -0.7% YoY in 1Q/2017. 
  • In 2018, Cebu IT Park is anticipated to receive more than half of the 131,400 sq m of new supply. The new office buildings are not expected to put too much strain on the submarket as vacancies are forecasted to just rise above 6.0% of total stock. In subsequent years, the vacancy rate may rise to double digits if demand begins to weaken, but given the surprise in 2017, we should expect demand to remain robust.

Click here to read the full report »

Please contact Fred Rara or Michael McCullough for more information on this report.

View all articles

Written by

KMC Global Research
KMC Global Research
TAGS:
  • Real Estate
  • Cebu
  • Cebu Office Space
  • Metro Manila
  • Research Report
  • Industry Insights
  • Market Reports

Latest Posts

3 Reasons Why Malate Manila is the Ideal Area for Manpower Agencies

Thursday August 11, 2022

A Testament to How Resilience Triumphs over Adversity: Manta Corporate Plaza launches in Arca South

Monday August 8, 2022

5 Reasons Why the Philippines is the Ideal Data Center Hub in Southeast Asia

Wednesday June 29, 2022

The Rise of Neighborhood Malls: How Malls are Changing in the Post-pandemic Era

Wednesday August 3, 2022

KMC Contact Us

How can we help?

KMC is an award-winning real estate services company. Headquartered in Bonifacio Global City, with over 150 employees involved directly in transactions for tenant representation, landlord representation, investments, and residential services.

We are recognized as the Best in Class Real Estate Agency in the Philippines and an exclusive international affiliate of Savills – a leading global real estate service provider listed on the London Stock Exchange (SVS: LSE). This provides the firm and its clients access to a global network of over 700 offices and 30,000 real estate experts throughout the Americas, Europe, Asia Pacific, Africa, and the Middle East.

Learn more

KMC Newsletter

Sign up for the latest Research & Insights

Get in Touch

(\+$I63,) 2+P\-XU;84€0C#3/\-5Q5-1=9DV [email protected]

Follow Us

KMC Footer

KMC Savills
DISCLAIMER: The information, photographs, images, landscapes, floor plans and the like contained on this website are for general information and illustrative purposes only. Credit remains to the owner of the photographs and images. KMC does not claim ownership, income, control and use of the photographs and images and does not assume responsibility for any kind of damages (direct or consequential) in relation to the use of such information, photographs and images on this website.
© 2021 KMC. All rights reserved. KMC is the leading real estate services firm in the Philippines.
Terms of Service • Privacy Policy
Monday: 09:00:00 - 18:00:00
Tuesday: 09:00:00 - 18:00:00
Wednesday: 09:00:00 - 18:00:00
Thursday: 09:00:00 - 18:00:00
Friday: 09:00:00 - 18:00:00