Colliers Philippines says a long-term lease deal between Ayala Land Offices and AXON Group highlights a growing shift in Makati’s office market as landlords reposition assets for a new generation of tenants.
Demand for affordable and economic housing jumped almost three times in Metro Manila’s residential market, data from Colliers Philippines showed, underscoring how demand is now concentrated at the low end.
Metro Manila condominium inventory has cooled from its recent peak, aided by rising take-up as developers offered discounts and incentives to move unsold units.
Colliers Philippines managing director Richard Raymundo urged developers to keep their momentum going as they clear the inventory buildup in Metro Manila’s mid-income condo market.
Vacancies continue to weigh heavily on the office sector in Metro Manila and most major urban centers, but one southern city has quietly flipped into a landlord’s market.
The Philippines is opening its doors wider to global capital after President Ferdinand Marcos Jr. signed a law allowing foreign investors to lease private land for up to 99 years.
Metro Manila’s hotel market held steady in the first half of 2025 as domestic tourists and in-person events offset a decline in foreign arrivals, keeping average occupancy at 64 percent.