Made up of more than 7,000 islands the Philippines is a beautiful archipelago in the Pacific ocean, with the majority of the population living on just eleven of its islands. Serving as a Spanish colony for over three centuries and later the ruled by the United States, influence from these countries still remains today.
With a population of just over 96.5 million people who speak both Filipino and English as their official national languages, the Philippines is well-visited. With this volume of people, rental rates in sought-after areas of the major cities can be relatively high. The office rental market is influenced by both foreign and domestic investment and is changing at a rapid pace.
Keep reading to learn more about the office rental market in the Philippines and what the current situation means for your business.
Change is Happening Fast