Philippines Office Figures Q3 2025

Q3 2025 QUARTERLY HIGHLIGHTS

• This quarter saw an increase in new office supply across both Metro Manila and Iloilo. In Metro Manila, the completion of the second phase of Robinsons Land’s GBF Towers in Quezon City added approximately 60,000 sq. m. to the stock, along with smaller format buildings in BGC, Fort Bonifacio. These additions brought Metro Manila's total office stock to 9.1 million sq. m. Meanwhile, in provincial areas, Ayala Land’s Atria Towers were completed in Iloilo, contributing around 20,000 sq. m. of new office spaces.
• The country’s office market recorded a total of 248,100 sq. m. of transactions this quarter. This momentum made it the strongest quarter of 2025 so far. Demand was primarily fueled by the IT-BPM sector, though transactions from government entities also played a notable role, making up 18% of the total demand.
• This quarter saw a significant surge in activity, recording the largest quarterly transaction count with over 186 individual transactions. Furthermore, the average size of these transactions increased q-o-q, reaching 1,334 sq. m.
• Even as demand momentum continued, Metro Manila recorded its highest-ever vacancy level, largely driven by the vacation of spaces by POGO companies.