Megaworld’s office leases up 12% from Jan-Sept

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MEGAWORLD Premier Offices, the office leasing arm of township developer Megaworld, grew its office lease target by 12 percent during the first nine months of 2021 even amid the pandemic restrictions imposed during the period.

Office take-ups reached 214,000 square meters during the first three quarters, pulling away from the modest target of 191,000 square meters, which is what was achieved during the same period last year.

“It is exciting to note that several tenants opted to retain their spaces, and even expanded during the pandemic.

The demand still remains despite earlier speculations that the work-from-home arrangements will lead to massive vacancies,” Roland Tiongson, first vice president of Megaworld Premier, said Monday. (PR)

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