Published:
Manila to see 200,000sqm of new office space in H2 2025
The total stock is currently at 5.3m sqm.
In Manila’s office market, net take-up turned positive in H1 2025 according to a Colliers report, driven by demand from outsourcing firms and increased pre-leasing activities.
“About 0.1 million sqm of new office space was completed in H1 2025, with an additional 0.2 million sqm expected in H2 2025,” the report said.
While average rents in primary CBDs may see modest growth in 2025, Colliers noted that submarkets with elevated vacancies are likely to experience continued downward pressure on rental rates.
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