Property giant Megaworld Corp. booked a surge in office lease renewals in the first half of 2026, signaling that demand for well-located, integrated workspaces remains robust even as companies continue to recalibrate their workplace strategies.
The country’s largest office landlord renewed about 122,000 square meters of office space from January to June, up 46 percent from the 83,353 square meters recorded a year earlier. Eastwood City accounted for nearly 30 percent of the renewals, followed by Uptown Bonifacio, McKinley Hill, Iloilo Business Park, Southwoods City, and developments in Makati, Pasig, Las Piñas, Cebu and Cavite.
The strong renewal performance highlights the resilience of Megaworld’s township model, where offices are integrated with residential communities, retail, hotels, and transport links—features that continue to appeal to both local and multinational tenants seeking long-term operational stability.
“Our strong lease renewal performance reflects the trust and confidence that our tenants continue to place in us and in the long-term value of our office developments,” said Roland J. Tiongson, head of Megaworld Premier Offices. He said the company’s master-planned townships provide businesses and employees with an ecosystem that supports productivity and sustainable growth.
The latest renewals add to the momentum in Megaworld’s office business after the company recent announcement that 24 office towers, with a combined 430,000 square meters of gross leasable area, are now fully occupied across Metro Manila and key regional business hubs, including Cebu, Iloilo, Pampanga, and Davao.
In the first quarter alone, Megaworld generated P3.8 billion in office leasing revenues while closing nearly 100,000 square meters of lease transactions.
To capture sustained demand, the company is expanding its office inventory with new towers in Northwin Global City, The Upper East, and Davao Park District, scheduled for completion this year. The projects will add around 51,000 square meters of leasable space, reinforcing Megaworld’s bet that demand for premium offices in integrated townships will remain resilient despite evolving work arrangements.
