Asia Pacific Office Outlook 2024

MANILA

NEW SUPPLY

N EW S U P P LY ( S QM )

700,000

FORECAST

600,000

500,000

400,000

300,000

 A total of 327,000 sqm is expected to be completed in Q4 2023, while the completion of some developments is expected to slide into early 2024.  Some developers are already firming up plans for pipeline developments scheduled for completion after 2027.

200,000

100,000

0

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield