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Office Market Resiliency Amid the COVID-19 Pandemic

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The Philippine office market showed its resiliency as Colliers recorded the highest level of transactions during the COVID-19 pandemic. The vacancies in the various office submarkets, however, are still expected to increase as the level of vacated spaces still outstripped demand. Rents are expected to continue tracking a downward trajectory. In the meantime, opportunities abound for so long as the ‘jobs-to-be-done’ will be worked on by the commercial real estate stakeholders.

For more information on the office real estate market, please feel free to reach out to our Colliers Tenant Representation team.

Dom Fredrick Andaya
Director | Head of Tenant Representation
Office Services
Dom.Andaya@colliers.com


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Dom Fredrick Andaya

Senior Director

Office Services

Manila

Dom began his career in Colliers International as a Research Assistant for the Research and Consultancy Division in February 2007.  In that capacity, he was responsible in gathering and organizing of data needed to generate commissioned market reports and quarterly release of The Knowledge, Colliers’ Market Review publication. 

He moved to Tenant Representation – Office Services Department in 2013. As a manager, he was tasked to handle various office space requirements of multinational clients. He was promoted to Associate Director in 2016 leading the Office Services team to hit the revenue target in the midst of leadership
transition. He started heading the Tenant Representation business as the Director in 2017 in charge of ensuring the growth and profitability of this business line. He helped the team stabilize in 2017 amidst market slowdown due to geopolitical concerns that affected the offshoring and outsourcing growth in the country and still achieved 18% profitability.

In 2018, he led the Tenant Representation to exceed the revenue target by 60% and achieve a 48% profit margin.

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