January 2, 2025 | 12:00am
MANILA, Philippines — Healthy and sustainable office spaces are seen to play a significant role in fueling office space demand in Metro Manila starting this year, according to a professional services firm.
“Providing green, healthy, and sustainable office space is becoming popular, with landlords now taking advantage of demand from multinational companies and large Filipino firms highlighting sustainability,” Colliers Philippines director for research Joey Roi Bondoc said.
“Colliers believes that occupying healthy and sustainable office space will play a crucial role in stoking demand in the Metro Manila office sector starting 2025,” he said.
The preference of occupiers for green buildings is starting to be felt as nearly half or 45 percent of office transactions in Metro Manila in the nine months of 2024 were in green-certified buildings.
Bondoc cited Colliers data projecting that 61 percent of new office supply in Metro Manila from 2025 to 2027 would have green building certifications. This translates to around 722,000-sqm of office space.
“Most of the buildings due to be completed will offer lower density ratios, curtain wall systems with thermal insulations, touchless access in elevators, vertical gardens, UV disinfection lifts and filtered air circulation systems to ensure a healthy and efficient workplace for traditional and outsourcing occupiers,” Bondoc said.
Meanwhile, Colliers said that most of the green and sustainable buildings likely to be completed from 2025 to 2027 will come from Makati, Ortigas and Quezon City.
Some of these projects include Innoland Altaire, Araneta Cyberpark Tower 3, SM North EDSA Towers 4 & 5, GBF Center Tower 2 and The Yuchengco Center, among others.
To further promote sustainability, Colliers pointed out that developers are taking advantage of the globally recognized green building certifications to reduce their properties’ environmental impact and to satisfy occupiers’ Environmental, Social and Governance (ESG) standards.
“Colliers believes that the future of office buildings leans toward developing spaces which are safer, healthier and are less harmful to the environment, “ Bondoc said.
The professional services firm said it has observed that some discerning occupiers prefer or require ESG-certified office space.
“Landlords should be proactive in capturing this demand,” Bondoc said.
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