• Sound economic fundamentals amidst impending fiscal and power crisis is likely to support minimal economic growth for the rest of 2004
  • Office take-up increases across Grade ‘A’ markets in both Makati and Ortigas CBDs. Major demand drivers include call centers and BPO firms
  • Grade ‘A’ rents and prices increased by 11 and 1 per cent in Makati CBD and by 9 and 3 per cent in Ortigas CBD respectively over Q3/2004
  • Average Grade ‘A’ rents in Q1/2003 estimated at Php400 per sq.m. per month in Makati and Php250 per sq.m. per month in Ortigas. Capital values in the two districts recorded at Php48,000 and Php31,000 per sq.m. in Makati and Ortigas CBDs, respectively.