Low retail rents, rising incomes to attract int’l brands to PH – JLL

RETAIL rents in the country remain affordable compared to others in the region and this should attract more international brands into the country, further fueling the growth of the local retail property market this year, a property analyst said.

In an interview on Tuesday, Jones Lang LaSalle Philippines (JLL) regional director and head of project leasing markets Shiela Lobien told The Manila Times that while rental rates for ground floor retail in the Philippines are rising due to the high market demand, when compared to the regional landscape, retail rent in the country is still the cheapest.