Sunday, 20 April 2025, 12:29 pm

    Green offices to dominate Metro Manila market as sustainability gains traction – Colliers

    As environmental consciousness grows, the demand for green, healthy, and sustainable office spaces in Metro Manila is expected to soar, with these eco-friendly buildings dominating the market from 2025 to 2027. Experts at Colliers report that approximately 61 percent of new office supply in the region will be green-certified, as multinational and large local firms increasingly prioritize sustainability in their workplace choices.

    Despite the current 20.5 percent office vacancy rate in Metro Manila—reaching a record high of 2.6 million square meters of unoccupied space—green office spaces are set to become the norm, not the exception. Colliers projects 1.2 million square meters of new office supply will be completed by 2027, with over 720,000 square meters receiving green certifications like LEED or WELL.

    The trend is already gaining momentum, with nearly half of office transactions in the first nine months of 2024 taking place in green-certified buildings. In a post-COVID world, landlords are increasingly focusing on creating healthy, sustainable environments to attract tenants and retain employees, especially with the integration of features like touchless technology, vertical gardens, and advanced air filtration systems.

    Developers are advised to explore certifications like LEED, BERDE, or WELL to meet the rising demand for environmentally conscious office spaces. Key developments in areas such as Makati Fringe, Ortigas Fringe, and Quezon City are expected to lead the green building wave.

    As sustainability becomes a major priority, Colliers believes the future of office space lies in healthier, eco-friendly environments that align with evolving Environmental, Social, and Governance (ESG) standards, positioning Metro Manila as a hub for green office buildings well into the next decade.

    Related Stories

    spot_img

    Latest Stories