GLOBAL real estate and investment firm Jones Lang La Salle sees a high potential for businesses in Mandaluyong City, given its accessibility to transportation and much lower office leasing rates compared with neighboring business districts.

To ease up the tight vacancy rate of 5% in Metro Manila, Mandaluyong City is expected to contribute approximately 107,400sqm of office space to the market over the next three years, JLL said. Of the 148,200 sqm annual supply of office space in Mandaluyong this 2017, 42% has already been leased – higher than Makati’s 35%, proving the potential the city has to be the next business district in the Metro.

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