PRIME Philippines has presented the 2026 Q3 Philippine Property Market Report Media Briefing, themed “Chasing the Storm: Tracking Philippine Real Estate’s Second Wind” on October 7, 2026 at 32nd Floor, Mega Tower, Ortigas Center, Mandaluyong City.
The Third Quarter Report has focused on the Office and Indusrial Sectors, as well as highlighted the Visayas and Mindanao markets.
PRIME Philippines’ experts and speakers of the program include: Sean Chua, Manager, Research and Advisory; Mervyn Valenzuela, Vice President, Office Tenant Representation; Joy Rosario, Executive Vice President, Industrial Tenant Representation and Hannah Yoshida, Senior Head, Visayas-Mindanao.
Dissecting the Deficit Spiral: Investigating the Threat that Defines the Next Few Years
Sean Chua has presented this topic that is relevant to the Macroeconomy in the Philippine real Estate Market with Key Highlights that include: Elevated Fuel Cost & Headline Inflation; Declining Peso and Purchasing Power; Weaker Spending Overall; Tighter Money Environment; and Concerning Debt-to GDP Ratio.
Room to Recover: Steady Demand Meets Stalling Supply
Mervyn Valenzuela has shared the Office demand and supply with Key Highlights: Landlord Cut Rents to Fill Space; Professional Services Lead Office Demand; Take-up Outpaces New Supply; and Slower Pipeline Amidst High Inflation.
Office Outlook: Vacancy to Narrow Gradually; Flight to Quality Will Split Rents; PEZA Reopening Will Support Absorption; and IT-BPM Will Shift to Higher Value.
Twice the Trucks, Half the Cranes Industrial Demand Doubles as Developers Pull Back
Joy Rosario has discussed the Industrial with Key Highlights that include: Explosive Growth of Semiconductor Manufacturing Fuels Industrial Demand; Wholesale and Retail Trade Will Move Outside of NCR, Following Urbanization; Lease Rates Will Appreciate From Increased Locator Appetite in NCR; and Forecasted Pipeline for 2027 declined by 72% YOY.
Industrial Outlook: Rates to Grow by 8% to 10% in a Year; Development Pipeline to Remain Tempered; Requirements from Semiconductor Manufacturing Will Drive Industrial Growth; and Securing Present Lease Rates as Prevalent Strategy.
Close Enough: Right Timing, Off-center for Cebu’s New Offices
Hannah Yoshida has shared that the floodgates are opening for Cebu’s office market. The demand drivers 80% Business Process Outsourcing, 12% Traditional and 8% Gov’t for the Cebu’s Office Market. Besides, new supply will take pressure off Cebu’s core office districts, Cebu’s next wave of offices is built to go green, and Cebu’s lease rates have recovered to onset-pandemic levels.
Slack, Not Slump: Cebu Rents Rise Through a Softer Market
Cebu’s warehouse rents hold as vacancy edges up to 3%. The demand drivers of the Cebu’s Industrial Market are 86% Transportation & Storage; 10% Utilities; and 4% Manufacturing. Higher-end facilities lift Cebu’s average rates as the rent band holds firm. While warehousing demand maintained its pace in Cebu.
The Next Prime Office Hub: Davao City
More developers (SM, MEGAWORLD, GAISANO, ROBINSONS LAND CORPORATION & DAMOSA LAND) are racing to construct offices in Davao with the demand drivers of 63% Traditional, 20% BPO, and 17% Gov’t. Davao will receive nearly a decade’s worth of offices in 3 years. Davao last available offices will only get pricier from here, IT-BPM remains as the key anchor of Davao’s office market, and the scramble for Davao offices goes beyond BPO’s.
Mindanao’s Logistics Anchor: Demand for Davao Runs Ahead of New Supply
Davao warehouse rents sit still at PHP 160 (in sqm); Davao City remains as top location for upcoming completions in Davao Del Sur; Davao’s rent ceiling jumped to PHP 300 per sqm; and Davao’s demand show no sign of slowing down.
Reference: PRIME Philippines