# Manila to see 350,000sqm of new office supply in H2 2026

- **Source:** Real Estate Asia
- **Published:** 2026-09-14T23:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/manila-see-350000sqm-new-office-supply-in-h2-2026
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Steady leasing and falling primary-CBD vacancies may support modest 2026 rental growth, although new supply and geopolitical uncertainty could temper occupier demand.

## AI summary

Metro Manila expects 0.35 million sq m of new office supply in H2 2026 after recording no completions during the first half.

## Original article

The city’s office market showed resilience despite global headwinds.

The Philippines office market showed signs of resilience in the first half of 2026, with vacancy improving year on year as steady demand from IT-BPM and traditional companies supported leasing activity, according to Colliers' H1 2026 office market insights.

Colliers said vacant space remained within normal levels during H1, pointing to strong lease retention. However, geopolitical tensions in the Middle East could weigh on occupier sentiment and leasing activity during the remainder of the year.

No new office space was completed in H1 2026. Colliers expects about 0.35 million sq m of new supply to be delivered across Metro Manila in H2.

Office rents remained stable across Metro Manila at US$11.3 per sq m per month during H1. Colliers expects rents in primary central business districts to record modest growth in 2026 as vacancy in these locations is likely to fall into single-digit territory.

## Chinese translation

> Translation model: grok_cli

### 马尼拉2026年下半年将迎来350,000平方米新增写字楼供应

菲律宾写字楼市场在2026年上半年显现韧性，空置率同比改善，因来自IT-BPM和传统的稳定需求

尽管面临全球不利因素，该市写字楼市场仍展现韧性。

据高力国际（Colliers）2026年上半年写字楼市场洞察报告，菲律宾写字楼市场在2026年上半年显现韧性，空置率同比改善，IT-BPM和传统企业的稳定需求支撑了租赁活动。

高力国际表示，上半年空置空间仍处于正常水平，显示租约留存强劲。不过，中东地缘政治紧张局势可能在今年余下时间拖累租户情绪和租赁活动。

2026年上半年没有新的写字楼竣工。高力国际预计，下半年大马尼拉地区将交付约35万平方米新增供应。

上半年大马尼拉写字楼租金保持稳定，为每平方米每月11.3美元。高力国际预计，主要中央商务区的租金将在2026年录得温和增长，因为这些地段的空置率很可能降至个位数区间。