Property giant Megaworld secured close to 250,000 square meters in total office lease transactions during the first nine months of 2026, as leasing activity continued to gain momentum across its townships in Metro Manila and key provincial business hubs.

 

Of the total, nearly 100,000 square meters came from fresh leases, while renewals reached around 150,000 square meters, with 90% coming from expiring leases—reflecting a very high renewal rate among existing tenants. Metro Manila properties accounted for 76% of total renewals, or around 113,000 square meters, while provincial locations contributed the remaining 24%, equivalent to 37,000 square meters.

 

Fresh leases were similarly led by Metro Manila offices, which accounted for 63,000 square meters, or 63% of the total, while provincial properties contributed 37% or nearly 37,000 square meters. These transactions were spread across key regional townships, including Pampanga, Southwoods City in Laguna, Iloilo Business Park in Iloilo City, The Upper East in Bacolod City, and The Mactan Newtown in Lapu-Lapu City, Cebu.

 

In Metro Manila, Megaworld's new lease transactions included Paris-based banking giant BNP Paribas at Uptown Eastgate in Uptown Bonifacio, and global IT services and business process outsourcing (BPO) company Cognizant at 18/20 Upper McKinley in McKinley Hill, among others. Uptown Eastgate was also among the top-performing individual office buildings during the quarter.

 

“The strong pace of new leases and renewals shows continued demand for strategically located, high-quality office spaces, particularly in the provinces where more businesses are expanding. We will continue to grow our office portfolio in key regional centers while strengthening our established townships in Metro Manila to capture these opportunities,” says Roland Tiongson, head of Megaworld Premier Offices.

 

“As global companies continue to reassess their workplace strategies and expand their presence across key markets, we see opportunities to position the Philippines as a strategic destination for their operations. Our office portfolio combines globally competitive workspaces with access to talent, infrastructure, and integrated business ecosystems that support companies’ long-term growth. We remain focused on attracting more international locators while strengthening Megaworld’s position as a preferred office partner for global businesses,” says Francis Roxas, head of Megaworld Global Offices.

 

Megaworld currently has more than 1.7 million square meters of gross leasable office space across nearly 90 office towers nationwide, serving over 200 multinational tenants. Its office portfolio includes Fortune 500 companies such as JPMorgan Chase, Coca-Cola, Google, Wells Fargo, Abbott Laboratories, Colgate-Palmolive, DXC Technology, Principal Financial, and Northern Trust, as well as other global companies including Samsung, Bayer, Reckitt Mead Johnson, Accenture, FactSet, Carelon, Cognizant, iQor, and Telus.

 

The company's office portfolio spans established business districts such as Eastwood City in Quezon City, Uptown Bonifacio, McKinley West, and McKinley Hill in Taguig, as well as regional townships including Iloilo Business Park, The Upper East in Bacolod City, The Mactan Newtown in Lapu-Lapu City, Cebu, and Davao Park District.

 

Megaworld aims to expand its office portfolio to 2 million square meters of gross leasable area (GLA) by 2030.