{"id":777022391,"date":"2025-01-28T10:11:28","date_gmt":"2025-01-28T13:11:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022391"},"modified":"2026-04-22T02:21:27","modified_gmt":"2026-04-22T05:21:27","slug":"office-vacancies-in-metro-manila-rise-after-offshore-gaming-ban","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/office-vacancies-in-metro-manila-rise-after-offshore-gaming-ban","title":{"rendered":"Office vacancies in Metro Manila rise after offshore gaming ban"},"content":{"rendered":"\n

The CBRE says 31 per cent of the vacant spaces originate from the ban on offshore gaming operators.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Analysts at CBRE have reported that vacant office space in Metro Manila rose to 19.9 per cent to nearly 1.8 million sqm in 2024. Of this, 51 per cent consists of vacated spaces, while 49 per cent remains unleased or unrented.<\/p>\n\n\n\n

Analysts said 32 per cent of the vacant spaces originate from the IT-BPM sector and 31 per cent from offshore gaming after the ban on offshore gaming operators<\/a> issued by President\u00a0Ferdinand R. Marcos Jr<\/strong>.<\/p>\n\n\n\n

Jie Espinosa<\/strong>, country head of CBRE Philippines, told ABS-CBN News that IT-BPM companies are downsizing or relocating to smaller spaces. CBRE expects the amount of vacant space to decline by year’s end. Espinosa said US companies had begun making enquiries again after postponing decision-making ahead of the US elections.<\/p>\n\n\n\n

See also:<\/strong> Philippines deports 3 after raid on alleged scam operator in Para\u00f1aque City<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The CBRE says 31 per cent of the vacant spaces originate from the ban on offshore gaming operators.<\/p>\n","protected":false},"author":176,"featured_media":16426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Metro Manila's office vacancy rate surged to 19.9% in 2024, with 31% of the vacant space attributed to the ban on offshore gaming operators (POGOs). This regulatory shift, alongside downsizing in the IT-BPM sector, has significantly impacted the commercial real estate market, though CBRE anticipates a decline in vacancies by year-end due to renewed US company inquiries.","focusai_entities":"CBRE, Ferdinand R. Marcos Jr, Jie Espinosa, ABS-CBN News","focusai_location":"Philippines, Metro Manila, Para\u00f1aque City","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Ban Economic Impact?","query":"What is the projected long-term economic impact of the POGO ban on the Philippines' GDP and employment, beyond the immediate real estate market effects?"},{"label":"Regulatory Mitigation Strategies?","query":"What specific government initiatives or incentives are being considered to mitigate the commercial real estate vacancy rates and attract new foreign direct investment following the POGO exodus?"}],"footnotes":""},"categories":[157,16333],"tags":[4138],"class_list":["post-777022391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777022391"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022391\/revisions"}],"predecessor-version":[{"id":777022411,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022391\/revisions\/777022411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}