Press release
The US Tops Overseas Commercial Rental Demand on Lamudi
In 2Q 2022, the United States was the leading source of pageviews for commercial rental properties on Lamudi. Offices were the most viewed property type among US-based property seekers. Singapore, Australia and Japan also contributed a significant share of pageviews to commercial rentals on Lamudi.Nearly a quarter of all overseas pageviews for commercial rentals on Lamudi were from property seekers in the United States. Large cities such as Los Angeles, New York, and Las Vegas contributed the most pageviews to commercial rentals in the Philippines. Offices were the most viewed commercial rental sub-category by seekers from the US, followed by retail spaces and warehouses.
The US is the third largest source of overseas PEZA investments, with engagements in call centers, business process outsourcing (BPOs) and software development among other service industries, according to Philippine Economic Zone Authority (PEZA) Charito Plaza in an interview with the Philippine Star in 2021.
In 2Q 2022, the Department of Trade and Industry confirmed interest from a US IT company, and re-affirmed the country's status as a top attractive investment destination for American investors.
Interest in the country as a strategic location for foreign investments is slated for growth in the coming years following the passage of various policies aimed at liberalizing the economy. Approved amendments to the Foreign Investment Act, Foreign Investment Negatives List, Public Service Act, and Retail Trade Liberalisation Act have been welcome developments to various foreign business communities, and an optimistic development in government goals to further capture foreign investment and improve the country's business climate.
For more information on overseas property seeker trends on Lamudi, the Philippines' #1 Source of Property Seeker Insights, visit this link: https://www.lamudi.com.ph/journal/trends/
For more information, visit https://www.lamudi.com.ph/
Contact us at: wecare@lamudi.com.ph
Lamudi.com.ph is the leading real estate platform in the Philippines. We offer sellers, buyers, and renters a secure and easy-to-use platform to find or list properties online. By connecting developers, real estate agents, and private owners with property seekers, Lamudi Philippines helps individuals find their ideal house, condominium, lot, or commercial property whether for personal use or for investment purposes. Our dedicated team aims to empower consumers by providing them over 160,000 listings to choose from, and by supplying the most relevant and up-to-date information in the real estate market today through our Journal, Trend Reports, The Outlook: Real Estate Conference, and Roundtable Series.
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