Read this in The Manila Times digital edition.
GLOBAL geopolitical developments have not visibly dented the Philippine office property market, with transactions and vacancies remaining stable. But developers, landlords and occupiers are taking the “wait and see” stance, while favoring flexible leases and controlled supply as they brace for the potential impact of the global energy crisis and ongoing geopolitical conflicts. This was reported by real estate advisory firm Colliers Philippines at the firm’s virtual Q1 2026 Philippine Market briefing on April 30.
“Vacancy rates are holding steady at 19 percent across the board, and actually in most Metro Manila submarkets, with 73K sqm net positive take-up due to sustained transactions activity and lower space surrenders,” Colliers Philippines Director for Office Services-Tenant Representation Kevin Jara said.
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