THE logistics sector continues to be resilient despite the slow recovery of the rest of the real estate market, according to JLL Philippines. The firm foresees subdued property market activity in the remainder of 2021, with the coronavirus disease 2019 (Covid-19) vaccine rollout heavily impacting most real estate decisions across all sectors.

Office buildings near the SM Mall of Asia in Pasay City. JLL Philippines sees increasing
vacancies in office space unless the vaccine rollout can be accelerated to restore confidence.

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