Flex office segment emerging as defensive play as traditional office leases hit 5-year low — CBRE

WIRE — DEVELOPERS are reconfiguring their portfolios to increase their flexible office offerings after traditional office leasing fell to a five-year low during the second quarter, according to real estate consultancy CBRE Philippines. With more than 3,400 seats in upcoming supply, developers are turning to flex spaces as defensive plays while overall office stock languishes with vacancies

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