Colliers International: Quarterly Yangon Office Report Q1 2019
“Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries.
Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward course of office demand since then. At present, both citywide occupancy and net take up levels continue to rise. With the immense interest of the government in further liberalising more sectors, we can expect office space requirements to rise in 2019 onwards as more investors set a foothold into the country.
In the meantime, Colliers continues to advise developers to introduce more international standard projects at reasonable rental rates.” – Paul Ryan Cuevas, Senior Analyst | Research.
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