Philippines Office Figures Q4 2025

Q3 2025 QUARTERLY HIGHLIGHTS

• The office market recorded a total of 165,500 sq. m. of transactions this quarter. Looking into
  full year performance, office demand grew 8% y-o-y. While demand remained steady in Metro
  Manila and provincial areas y-o-y, transactions in Cebu doubled in 2025, signaling
  continuous growth trajectory.
• While the IT-BPM sector remains the primary driver of demand, a shifting trend has
  emerged: transaction count for the sector has slowed for the 4th consecutive year.
• Total transactions for this quarter increased to 647 while average transaction size
  decreased to 1,262 sq. m.
• With the POGOs gone, vacated spaces dipped to 15,300 sq. m. this quarter.
• Major developers delivered new completions in Quezon City and Cavite this quarter,
  signaling continued expansion in key growth hubs. In Quezon City, the inventory saw an
  increase of approximately 37,000 sq. m. with the completion of the 4th installment of SM
  North Towers. Also, Ayala Land expanded its footprint in the south, delivering roughly
  24,000 sq. m. of office supply through its Evo City development in Kawit, Cavite.