Summary and analysis of Manila's current office real estate market conditions.
30 October 2026
Insight
30 October 2026
Manila Office Market Dynamics Q3 2026
Categories:
Authors
Janlo Delosreyes
Key takeaways:
- Continued demand from IT-BPM, technology, financial services and healthcare occupiers is expected to support absorption of upcoming supply, with modest rental and capital value growth anticipated.
- Vacancy rose 45.4 basis points quarter-on-quarter to 13.5% in Q3 2026, driven by lease expirations and occupier consolidations.
- No new office completions were recorded in Q3 2026 following the deferment of projects to Q4 2026, with an estimated 145,105 sq.m. of office space remaining slated for year-end 2026 delivery.
For additional context on findings in the latest report, download the prior Q2 2026 Manila office market dynamics report.