The Metro Manila office market in the third quarter of 2025 reflected steady adjustments to evolving workplace strategies amid tempered demand. Total office stock reached 8.9 million sqm, with new supply from Quezon City adding 72,000 sqm. Overall vacancy stood at 21.2%, while average rents softened slightly to PHP 1,012 per sqm per month. Prime districts such as Taguig and Makati continued to command higher rents and lower vacancies, while secondary markets like Ortigas, Alabang, Quezon City, and the Bay Area offered more cost-effective alternatives.
