Global real estate services leader and provider Santos Knight Frank recently presented opportunities for the office, hotel, and resort (hospitality), and logistics sectors within the next five years, citing several positives in terms of their development.

The hospitality industry is expecting to see over 10,800 new hotel rooms cropping up in nationwide metropolis areas between 2019 and 2023. The logistics market – a significant emerging market – is expected to rise further within the next half decade along with the advent of e-commerce. The office sector, particularly the IT-BPOs and the co-working spaces, are also seen to flourish in the near future with upwards of half a million new offices expected in key areas in Metro Manila.

Article source: Manila Standard

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About Santos Knight Frank

Santos Knight Frank provides global real estate services. Since the company first opened its doors in 1994, it has become the Philippines’ first and largest fully integrated real estate services provider, with clients that include multinational corporations and institutional investors, as well as occupiers, owners and developers of real estate locally and across the globe.

The company’s partner, Knight Frank, is the largest independent global real estate consultancy. Founded in 1896 and headquartered in London, Knight Frank operates in more than 523 offices in 60 countries across the globe, including the strategically important partnership with Newmark Knight Frank in the U.S. (with Newmark Cornish & Carey in the West Coast).