Colliers Philippines believes that adopting green and sustainable features plays a crucial role in future-proofing office towers beyond the pandemic.
The COVID-19 situation has accelerated the adoption of sustainable office spaces and we see this trend complementing the recovery of office leasing demand across Metro Manila beyond 2021.
As part of occupier retention as well as attraction strategies, Colliers believes that existing landlords and developers should focus not only on wellness attributes, but also on green retrofitting activities.
Occupiers that are mandated to follow green initiatives should constantly be on the lookout for upcoming wellness certified office towers likely to be completed across the Philippines in the next 12 to 36 months. In Metro Manila, about 37% of the new supply from 2021 to 2023 will likely be wellness certified buildings.
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