ASIA PACIFIC OUTLOOK 2025

MANILA

NEW SUPPLY

A total of 196,000 sq m is expected to be completed

in Q4 2024; however, following trends from previous years, some

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

developments are likely to be completed in early 2025.

FORECAST

Newly announced pipeline projects set to be completed after 2027 are primarily designated as corporate headquarters for large domestic occupiers.

NEW SUPPLY (SQM)

- 50,000

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield