Colliers: Local malls thrive amid competition

GLOBAL real property services company Colliers International Philippines said with Bacolod City as one of the major retail destinations in the Visayas, local malls have thrived amid competition.

Colliers reported on April 16 that as of the end of last year, the city's retail stock reached nearly 318,000 square meters.

The lone super-regional mall in the Negros Occidental capital city is operated by the national developer SM Group.

For SM City Bacolod alone, Colliers said its north and south wings offer a combined 107,000 square meters of leasable space.

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