Figures

Philippines Office Figures Q2 2025

September 16, 2025 20 Minute Read

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Q2 2025 QUARTERLY HIGHLIGHTS

 

‒ Major developers continue to add new office supply in both Metro Manila and the provinces. In Metro Manila, the third installment of SM's North Towers in Quezon City was completed this quarter, adding approximately 30,000 sq.m. to the total supply, which now stands at 9.04 million sq.m. Elsewhere, Filinvest completed Towers 3 and 4 of Filinvest Cebu Cyberzone, while Megaworld delivered Pasudeco Tower 1 in Pampanga.
‒ The Philippine office market recorded transactions totaling 220,000 sq.m. this quarter. When combined with the previous quarter's transactions, this marks the strongest first half of the year since the onset of the pandemic. The IT-BPM sector accounted for 46% of the total demand, with notable activity from third-party outsourcing (3PO) firms such as IntouchCX, Concentrix, Teleperformance, Wipro, and HGS. Additionally, new companies including Cigna, Auctance, Gallagher, and VidaXL have recently established a presence in the country.
‒ Majority of this quarter’s demand (77%) went to Metro Manila while the rest (23%) in provincial areas.
‒ 54% of the available office supply in Metro Manila are vacated spaces while 46% account for new and unleased spaces.