Global brands are keeping retail rents stable in the Philippines, according to a recent report from CBRE, as cited by Google News. The real estate services firm noted that demand from international retailers continues to support rental rates in major shopping districts.
CBRE's analysis indicates that while overall market conditions remain cautious, premium retail spaces in Metro Manila and other key cities are maintaining their value due to sustained interest from global brands. The report highlights luxury and international fast-fashion labels as key drivers of this stability.
The steady rents come amid broader economic challenges, including inflation and shifts in consumer spending. CBRE expects the retail sector to continue benefiting from the presence of global brands, even as local retailers face headwinds.