The renewed office space was 45.6 percent higher than a year earlier, with Eastwood City accounting for about 30 percent of the total, followed by Uptown Bonifacio, McKinley Hill and Iloilo Business Park, a statement on Tuesday showed.
“Our strong lease renewal performance reflects the trust and confidence that our tenants continue to place in us and in the long-term value of our office developments,” Megaworld Premier Offices head Roland J. Tiongson said.
Township advantage
The developers, under the Alliance Global Group led by tycoon Kevin Tan, said its integrated townships continue to encourage tenants to stay by combining office buildings with residential communities, retail, hotels, transport links and open spaces within a single location.
The momentum builds on a strong first quarter, when Megaworld generated P3.8 billion in office leasing revenue while closing nearly 100,000 square meters of office transactions.
The company has also fully leased 24 office towers spanning 430,000 square meters across Metro Manila, Cebu, Iloilo, Pampanga and Davao.
Expansion continues
Megaworld is adding another 51,000 square meters of office space this year through new developments in Bulacan, Bacolod and Davao as it prepares for future demand.
Office leasing generated P14.9 billion in revenue in 2025, up 11 percent from a year earlier, supported by rental escalations, lease renewals and continued tenant expansion.
Megaworld remains the country’s largest office landlord with more than 1.7 million square meters of gross leasable office space across its nationwide portfolio.
—Edited by Miguel R. Camus
