Clark ranks second office space market

Clark Freeport is now the second major office space market in the country as cited by an executive of a developer company.Clark Global City chief investment officer Evan McBride cited a recent statistic by Leechiu Property Consultants showing that Clark ranked second among the preferred office locations in the country.“For the first time ever, in the brand new statistics just released by the Leechiu and Associates for real estate, Clark surpassed Cebu as top choice area for office space,” McBride said during a recent economic briefing.The briefing was organized by the Bangko Sentral ng Pilipinas in cooperation with Bases Conversion Development Authority, Clark Development Corp. and Clark International Airport Corp.

Among the presentors in the event were Udenna Corp.―which is now developing 177-hectare area in Clark and Megawide Construction Corp. which is constructing Terminal 2 at Clark International Airport which can accommodate 8 million passengers a year.Statistics provided by LPC showed that from January to September this year, Clark recorded 111,000 square meters of area for office space transaction, surpassing Cebu with 76,000 square meters for demanded office area.

 

SOURCE

Manila Standard Business (2018, September 21). Clark ranks second office space market Retrieved from http://manilastandard.net/business/biz-plus/276085/clark-ranks-second-office-space-market.html