Megaworld Corporation registered nearly 250,000 square meters (sqm) in total office lease transactions across the Philippines during the first nine months of 2026, driven by strong nationwide leasing momentum.
In a disclosure to the Philippine Stock Exchange on Monday, November 9, the company reported that fresh leases accounted for nearly 100,000 sqm, while renewals reached around 150,000 sqm. Existing tenants demonstrated a high retention rate, with 90% of renewals coming from expiring leases.
Metro Manila properties accounted for 76% of total renewals at roughly 113,000 sqm, while provincial locations contributed 37,000 sqm. Metro Manila also led fresh leases with 63,000 sqm, followed by provincial properties with nearly 37,000 sqm. These deals spanned regional townships such as Pampanga, Southwoods City in Laguna, Iloilo Business Park, The Upper East in Bacolod, and The Mactan Newtown in Cebu.
Key Metro Manila transactions featured major tenants like BNP Paribas at Uptown Eastgate in Taguig City and Cognizant at McKinley Hill.
“The strong pace of new leases and renewals shows continued demand for strategically located, high-quality office spaces, particularly in the provinces where more businesses are expanding,” said Megaworld Premier Offices Head Roland Tiongson.
Tiongson added that the company will continue expanding its portfolio in regional centers and strengthening established Metro Manila townships. Megaworld Global Offices Head Francis Roxas emphasized the firm’s focus on positioning the Philippines as a strategic destination for international companies.
“As global companies continue to reassess their workplace strategies and expand their presence across key markets, we see opportunities to position the Philippines as a strategic destination for their operations,” Roxas said.
Megaworld currently manages more than 1.7 million sqm of gross leasable office space across nearly 90 towers, serving over 200 multinational tenants including Fortune 500 companies.
The developer aims to expand its total office portfolio to two million sqm of gross leasable area by 2030.