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THE Alabang central business district (CBD) in Muntinlupa City posted a pointy reversal in office leasing activity in the primary quarter, with net take-up plummeting to five,800 square meters after leading expansion activity within the previous quarter, in accordance with Savills Philippines.<\/span><\/p>\n The consultancy said the drop from 32,200 square meters within the last quarter of 2025 marks a big shift in momentum for the district, which had recorded the best net take-up amongst Metro Manila office hubs.<\/span><\/p>\n \u201cAlabang CBD experienced a pointy decline in activity this era, a stark contrast to its performance because the district with the best net take-up last quarter,\u201d Savills said in its latest office market report.<\/span><\/p>\n Despite the slowdown in demand, emptiness rates in Alabang improved barely to 31.3% from 31.8% quarter on quarter. Savills attributed the marginal improvement to modest net absorption, which helped offset space returns and downsizing activity.<\/p>\n The property consultancy noted that Alabang continues to favor tenants, with landlords facing a \u201ctemporary saturation\u201d of Grade A office space.<\/span><\/p>\n Alabang\u2019s total office stock stands at about 670,000 square meters, with about 16,000 square meters of latest supply expected between 2026 and 2030.<\/span><\/p>\n Average asking rents edged higher to P575.50 per square meter from P572 within the previous quarter.<\/span><\/p>\n \u201cThis marginal growth despite high emptiness suggests that landlords are maintaining a firm stance on asking rates, likely supported by the premium nature of existing Grade A inventory,\u201d Savills said.<\/span><\/p>\n Across Metro Manila, landlords are prioritizing stabilizing occupancy through increased incentives and versatile terms somewhat than driving aggressive rental growth, it said.<\/span><\/p>\n Savills said the outlook for Alabang stays cautious, with rental growth expected to remain flat or come under pressure unless leasing demand strengthens enough to soak up existing oversupply.<\/p>\n The district is one in all six core business areas in Metro Manila, alongside Makati, Bonifacio Global City, Ortigas, Bay Area and Quezon City.<\/span><\/p>\n While Alabang has relatively lower stock and limited upcoming supply compared with other hubs, it has also shown higher volatility in absorption trends.<\/span><\/p>\n Savills noted that Metro Manila\u2019s broader office pipeline stays substantial, with about 390,000 square meters of space expected to be accomplished through end-2026, which could proceed to weigh on occupancy rates across key districts.<\/span><\/p>\n In contrast, there was stronger activity in Alabang within the fourth quarter of 2025 which, along with the Bay Area, accounted for greater than half of total office take-up in Metro Manila during that period, highlighting the volatility in demand patterns across business districts. \u2014 Juliana Chloe A. Gonzales<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Filinvest City, Alabang, Muntinlupa \u2014 FILINVESTLAND.COM THE Alabang central business district (CBD) in Muntinlupa City posted a pointy reversal in office leasing activity in the primary quarter, with net take-up plummeting to five,800 square meters after leading expansion activity within the previous quarter, in accordance with Savills Philippines. The consultancy said the drop from 32,200 […]<\/p>\n","protected":false},"author":1,"featured_media":345609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[24064,4532,51864,54,33021],"class_list":["post-345608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alabang","tag-demand","tag-firstquarter","tag-office","tag-plunges"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/345608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=345608"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/345608\/revisions"}],"predecessor-version":[{"id":345611,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/345608\/revisions\/345611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/345609"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=345608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=345608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=345608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}