Metro Manila boasts a substantial 9.6 million sq m of Grade A and Premium office stock. A significant portion of this, 53% of the total, has been completed within the last decade. This indicates a relatively modern office landscape with a strong recent development push.
Conversely, 1.3 million sq m of office space was completed before 2006. Of this older stock, a substantial 800,000 sq m is concentrated within the Makati Central Business District (CBD). This suggests that while Makati CBD remains a prime location, a considerable portion of its office inventory is older compared to the overall Metro Manila supply. This could imply varying rental rates, maintenance needs, and potential for redevelopment opportunities within Makati CBD’s older buildings. The prevalence of newer stock in other areas might also reflect a decentralization trend or the emergence of new business hubs.