Manila’s office market is poised for a significant uptick in absorption rates over the next five years, with projections indicating a 36% increase in annual absorption from 2025 to 2029 compared to the 2020-2024 period. This forecast, highlighted in a recent Cushman & Wakefield report, reflects positive momentum in the city’s office sector as the pipeline for new developments continues to clear.
The expected rise in office space absorption is largely driven by a “flight-to-quality” trend, where businesses are increasingly seeking innovative office spaces that offer modern designs, collaborative environments, and sustainable building practices. Companies are prioritizing spaces that integrate advanced facility management technologies and sustainable practices, responding to growing demands for more flexible and eco-conscious workspaces.
According to the report, the medium-term outlook for Manila’s office market remains positive, with this shift in demand supporting stronger absorption levels in the coming years. As businesses adapt to evolving work patterns, the demand for high-quality office space is set to remain a key driver of market activity.
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