Written by Emmanuel Andrew Venturina, Head of IQI Philippines

The Philippine real estate market remained resilient in Q3 2025, showing signs of sustained demand across both commercial and residential segments despite broader global uncertainties.

Metro Manila’s prime office vacancy rate dropped to 8.5% from 9.2% in the previous quarter, while newly launched office space saw a healthy take-up rate of 75%—a reflection of ongoing local and international business expansions.

Residential vacancy held at approximately 12%, underpinned by continued demand for condominiums and affordable housing in key growth corridors. 

Capital values also climbed across the board. Residential properties in Metro Manila appreciated by 6.8% year-on-year, while commercial properties posted gains of 5.4%.

This uplift is closely tied to major infrastructure rollouts, including expanded transport networks and ongoing government-led development projects.

Together, these fundamentals suggest a market well-positioned for continued momentum heading into 2026, with urban connectivity and housing accessibility acting as key drivers.