OVERVIEW
The 2Q 2025 Metro Manila Office Briefing by Savills Philippines provides insights into the latest office market performance, including leasing activity, vacancy rates, new office supply, rental trends, and the outlook across Metro Manila's key business districts. The report helps occupiers, investors, developers, and landlords make informed commercial real estate decisions.
KEY FINDINGS
- Metro Manila office vacancy remained high but showed signs of stabilization
- Demand was mainly driven by IT-BPM firms, traditional occupiers, and expansion-related moves
- Leasing activity was stronger in prime CBDs like Makati and BGC compared to secondary locations
KEY INSIGHTS
- Market recovery is gradual and uneven across districts
- Most leasing activity comes from relocations and consolidations, not large-scale expansion
- Occupiers continue to prioritize quality buildings and strategic locations over cheaper space
MARKET IMPLICATIONS
- Vacancy is expected to remain elevated in the near term despite improving sentiment
- Prime Grade A offices will stay more resilient than older or fringe assets
- Landlords will continue relying on incentives and flexible lease terms to attract tenants
- Competition will intensify for well-located, PEZA-ready office space
FAQ
What is the 2Q 2025 Metro Manila Office Briefing?
It is a quarterly research report by Savills Philippines that analyzes Metro Manila's office market, including leasing activity, vacancy rates, office supply, rental trends, and market performance.
Who should read this report?
Office occupiers, investors, developers, landlords, brokers, and businesses seeking the latest insights into the Metro Manila office market.
What topics does the report cover?
The report covers office demand, vacancy, rental performance, new office supply, and market trends across Metro Manila's major business districts.
