Summary and analysis of Manila's current office real estate market conditions.
01 June 2026
Insight
01 June 2026
Manila Office Market Dynamics Q1 2026
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Authors
Janlo de los Reyes
- Net absorption continues to increase, led by Makati City as IT-BPM and media firms drive leasing demand.
- Vacancy rates increase as new supply added to the market outpaces occupancy gains.
- Rental rates hold steady as capital values increase moderately.