OVERVIEW
The 3Q 2025 Metro Manila Office Briefing by Savills Philippines provides the latest insights into Metro Manila's office market, covering leasing activity, vacancy rates, office supply, rental trends, and the performance of key business districts. The report helps occupiers, investors, developers, and landlords make informed commercial real estate decisions.
KEY FINDINGS
- Metro Manila office vacancy remains elevated but is showing gradual stabilization
- Leasing activity continues to be driven by IT-BPM firms, traditional occupiers, and consolidation moves
- Demand is strongest in prime CBDs (Makati and BGC) compared to secondary districts
KEY INSIGHTS
- Recovery is selective and uneven, not a full market rebound
- Most activity comes from relocations and space optimization rather than expansion
- Flight-to-quality continues, with tenants preferring modern, efficient, and well-located Grade A buildings
MARKET IMPLICATIONS
- Vacancy is expected to remain high but stable in the near term
- Prime office assets will outperform secondary and older stock
- Landlords will continue to rely on incentives and flexible lease terms to compete
- Competition for PEZA-ready and high-quality office space will intensify
FAQ
What is the 3Q 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 rates, rental performance, new office supply, and market trends across Metro Manila's major business districts.
