Pampanga's resilient property market

Pampanga stands out as a property market in Central Luzon. Outside of Metro Manila, it has one of the largest residential and office stocks. It remains as one of the most preferred sites of outsourcing firms while major residential developers continue to landbank in the province.

- JOEY ROI BONDOC Research Director, Colliers Philippines and VINCENT BISUNA, Assistant Manager, Office Services - Tenant Representation Colliers Philippines

Hotel and retail sectors also continue to perform well, as Pampanga attracts foreign hotel brands as well as national players planning to put up sizable retail centres in Clark and Angeles.

The province also continues to thrive due to its competitive workforce, improving infrastructure network, rising disposable incomes, and thriving competitiveness.

ASCENDING OFFICE MARKET IN CENTRAL LUZON

The Pampanga office market continues to rank among the top three most active provincial office sectors outside Metro Manila, maintaining a steady quarterly transaction volume of approximately 12,000 sqm. This sustained activity is largely driven by the expansion of business process outsourcing (BPO) firms, reflecting a broader industry trend of locating operations in regional areas to tap into a wider talent pool and benefit from more competitive rental rates.

Prominent companies such as Sutherland, DXC Technology, IntouchCX, and KMC Solutions have recently expanded their footprint in the region, contributing to a year-to-date net take-up of around 33,000 sqm—nearing the full-year 2024 figure of 40,600 sqm. This indicates growing confidence in Pampanga's office market.