Philippine Property Market: Pax Silica Buzz and Metro Manila Office Data in Focus

Two fresh Colliers-linked updates anchor today's roundup, spotlighting a potential new industrial growth driver and the latest read on Metro Manila's office and retail segments.

Colliers: Pax Silica could boost PH property sector

Colliers Philippines says the US-led Pax Silica initiative, which brings together 24 countries to secure supply chains for critical minerals, semiconductors and AI infrastructure while reducing dependence on China, could open a fresh growth avenue for the country's industrial property market. Plans include a large-scale industrial hub spanning 1,619 hectares in New Clark City, Tarlac, though Colliers cautions that realizing the benefits will depend on how the government addresses infrastructure, environmental and geopolitical challenges. President Ferdinand Marcos Jr. has also flagged the initiative in his State of the Nation Address, framing it as a way to position the Philippines as an AI and digital infrastructure hub that could boost industrial developments tied to data centers. According to The Manila Times, the initiative's success hinges on policy execution.

Colliers Property Market Report | Q2 2026 Office/Retail

Colliers' latest quarterly report shows Metro Manila office demand cooled in Q2 2026, as geopolitical uncertainty caused occupiers to delay leasing decisions, prompting the firm to trim its net take-up forecasts. On a more positive note, Administrative Order No. 45 is set to expand PEZA-accredited office stock, which should support future demand from IT-BPM firms. Flexible workspace stood out as the strongest-performing segment, with net take-up doubling year-on-year, while green-certified buildings captured 68% of all office transactions in the first half of 2026. According to Colliers Philippines, sustainability and flexibility are shaping near-term leasing trends.