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Colliers Philippines Davao Q1 2020 Report

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Davao City is one of the most competitive outsourcing destinations in the Philippines, and one of only three Philippine cities that are in Tholons’ Top 100 global sites for outsourcing.

Davao Office Report:

Davao City is one of the most competitive outsourcing destinations in the Philippines, and one of only three Philippine cities that are in Tholons’ Top 100 global sites for outsourcing. However, the COVID-19 pandemic will likely lead to slower office leasing all over the Philippines, including Davao City. Despite the challenges, Colliers sees office leasing opportunities for urban hubs outside of Metro Manila including Davao especially when market sentiment starts improving early 2021. Colliers encourages outsourcing occupiers to lock in space in integrated communities. Landlords, meanwhile, should highlight their property anagement capabilities and availability of PEZA-proclaimed space.

 

Davao Residential Report:

Davao City is a residential hotspot in Mindanao and is a preferred site of both end-users and investors. The sustained demand over the past four years has encouraged condominium and house and lot developers to invest in the city. However, Colliers believes that the demand is likely to be curtailed by the COVID-19 pandemic while supply will likely be pared down due to quarantine measures. Colliers believes that over the next few years, buyers are likely to prefer units within integrated communities and near infrastructure projects lined up by the government such as the Mindanao Railway. Aside from highlighting these features, developers should also look at alternative developable sites.


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Colliers Philippines Davao Q1 2020 Report

Download Report