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IT-BPM sector seen driving Metro Manila office market rebound by year-end-CBRE

Business World Philippines

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November 11, 2025

THE OFFICE MARKET in Metro Manila is poised for a rebound by year-end, with demand from the information technology-business process management (IT-BPM) sector expected to offset record-high vacancies, according to real estate services firm CBRE.

- By Beatriz Marie D. Cruz

In its Third Quarter Property Market Report, CBRE said office vacancy in Metro Manila rose 4.4% to 20.8% from 19.9% in the same period last year. Quarter on quarter, vacancy also increased 2.4% from 20.3% in the second quarter.

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