Malls will still thrive despite e-commerce

MALLS will continue to flourish in the Philippines despite the rise in e-commerce in the Philippines, according to global real estate firm Colliers.

Research associate Joey Bondoc said that despite retail vacancy in Metro Manila reaching 15.2 percent in the first quarter of 2022, which was up from 14.8 percent in the third quarter 2021, he expects that by the end of 2022, vacancy will only reach 16 percent, lower than their previous projections of 17 percent.