Demand for logistics space in the Philippines has been generally positive, but addressing the increasing demand for better quality facilities from new entrants in the market could translate to approximately 160,000 square meters (1.72 million square foot) per annum of new demand in the next 10 years.
This is according to JLL Philippines’ latest research The Evolution of Philippine Logistics: A Case for Better Quality Logistics, which presents key macro and real estate trends that suggest the potential of the sector and the prospects for new quality grade space in the market.
“With our latest publication, we aim to provide a thorough factual analysis on the state of the logistics sector today, correlate these data with current economic realities and deduce the sector’s future for investment purposes,” said Christophe Vicic, JLL Philippines country head.
