Ayala Land Offices, Inc. (ALO) said it has finalized a five-year lease agreement with LandBank for office and parking spaces at the Ayala Malls Manila Bay Corporate Center.
Megaworld has pulled off a quiet but consequential coup in the property sector, luring a senior executive from Ayala Land in a move that underscores how serious Andrew Tan’s group is about scaling up its office business outside Metro Manila.
The Philippine office market is showing stronger-than-expected momentum heading into 2026, shrugging off earlier headwinds from POGO exits and global uncertainty.
Once an industrial corridor along C5, Bridgetowne is shaping up to become Robinsons Land Corp.’s (RLC) flagship 30-hectare estate that could rival more established business districts in Metro Manila.
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 Philippine office leasing sector is surging at a pace not seen since before the offshore gaming boom, anchored by a resilient outsourcing industry.
After weathering the office downturn, Makati Central Business District is set to shift in favor of landlords by 2026 with falling vacancies and a resurgence in demand.