MAKATI OFFICE MARKET REPORT Q2 2026
Vacancy in the Makati CBD tightened to 11.2% this quarter, down from 12.8% in Q1.
KEY FIGURES
- Average Grade A rent: Php 1,150 per sqm per month
- Net take-up: 48,000 sqm
- New supply: 22,000 sqm
Premium buildings along Ayala Avenue are commanding a 9% premium over the district average. Flight-to-quality continues as tenants consolidate into newer PEZA-certified stock.
OUTLOOK
Rents are expected to hold through year-end. Tenants seeking value should look at fringe Makati corridors where rents remain 25-30% below core rates.