Real Estate Trends That Will Shape Philippine Property Market in 2026

More Dynamic Market for Philippine Real Estate Expected in 2026

This new year, rising regional hubs and the NCR real estate market remain active due to industrial expansion, retail resilience, residential opportunities, and office recovery according to Colliers Philippines. Their market outlook describes a dynamic market fueled by strategic investments, changing consumer behavior, and shifting demand. In this article, let’s see how Colliers envision the property market from 2026 to 2028.

Upcoming Office Spaces

In Metro Manila, Colliers anticipates around 350,000 sqm of newly-built office units to be delivered from 2026 to 2028. Compared to the completed office spaces between 2017 and 2019, this is only one-third of the 1.0 million sqm, as pre-COVID and offshore gaming peaked at this period. This new supply is expected to account for almost 60% by Quezon City, Ortigas Fringe, and the Bay Area.

Outside Metro Manila, Pampanga, and Cebu are expected to comprise more than 50% of transactions. Moreover, the increase of flexible workspace providers in Bacolod, Cebu, Davao, Iloilo, and Pampanga helps in decentralization. Office building landlords are encouraged to innovate their spaces to stay competitive against newer, greener, and more modernized offices. It will also help if they can offer flexible lease terms, including lower base rent, delayed rent escalation, or a rent-free period.

For condominium units, Colliers expects 3,600 condos to be delivered annually from 2026 to 2028. They also expect developers to explore business opportunities in the Katipunan Area, C5 Corridor, and other Metro Manila peripheries. This is because central business districts now lack developable land amid soaring prices.

​New Retail Developments

The retail sector is shifting to suburbia as new retail developments will take over outside Metro Manila. For instance, Rockwell Land Corporation is aiming to put up Power Plant Malls in Bacolod City and Angeles City. Meanwhile, Ayala Malls and SM Malls will launch more branches in Iloilo, Davao, Bacolod, and Cebu.

For retailers in the food and beverage, beauty and wellness, and clothing and footwear industries, Colliers expects them to dominate malls in the coming months. In addition, international brands will continue to occupy bigger physical mall spaces in key cities nationwide. Major developers offer experiential spaces as well as sip-and-shop concepts to attract more mallgoers.
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Retail concepts are likely to remain popular according to Colliers, and Filipino customers will experience premium retail like what’s offered abroad. These fresh retail concepts will take up physical malls and contribute to greater mall space absorption across the country.

Final Thoughts

With the property market in the Philippines being seen as dynamic and booming this 2026, new office spaces and retail developments will be witnessed rising in key cities across the country. Business outside Metro Manila is also thriving, so expect a more competitive market in the coming years. You can check out REALS.PH for more exclusive listings of condominiums in Baguio City and other properties nationwide. Send us a message today and let our real estate agents help you.