Office demand in the Alabang central business district (CBD) saw a sharp reversal in the first quarter, with net take-up falling to 5,800 square meters from 32,200 square meters in the previous quarter, according to a report by BusinessWorld .
The consultancy Savills Philippines attributed the decline to a typical slowdown after the year-end surge, noting that Alabang had led Metro Manila in office expansion during the fourth quarter of 2025. Despite the plunge, Alabang remained one of the more active submarkets outside the traditional Makati and BGC hubs.
Industry observers said the volatility underscores the uneven recovery of the Philippine office market, as companies continue to reassess space needs amid hybrid work setups and economic uncertainty.