PH Property Outlook: What's sizzling, what's fizzling in 2026

More than two-thirds of upcoming supply to come from Central Luzon

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For the conclusion of Colliers Philippines' property outlook, it is important that we put the spot on the industrial sector.

This segment has shown resilience even at the height of the pandemic. But somehow the segment is now at the crossroads as developers face the potential challenge of sizable new industrial supply likely putting a downward pressure on lean leasehold and modern warehouse lease rates. Developers need to be more strategic with their new launches moving forward.

From 2026 to 2028, Colliers sees the delivery of 870 hectares of new industrial supply in Central Luzon, more than quadruple compared to the 200 hectares of expected new supply in Southern Luzon during the same period.

With an improving business environment and bullish prospects for the region, we see more high-value manufacturers locating in Central Luzon, especially in Pampanga, Tarlac, Bulacan, and Bataan.