METRO Cebu’s office vacancy rates have dropped to 14 percent in Q3 2025 from 28 percent in 2022. Over 96,000 square meters of office transactions were recorded in the first nine months of 2025. These developments point to the region’s “unprecedented growth,” says Ohara Rosales, Colliers manager of office services — tenant representation — Cebu. Expansion is driven further by major players like Concentrix, EY, Optum, and Wipro.
The report by Colliers, a global diversified professional services and investment management company, also identified Cebu IT Park as the leading business hub outside Metro Manila. Cebu IT Park has been attracting global brands and IT-BPM firms seeking scalability, convenience and resilience. Its strategic address can also help these companies take advantage of Metro Cebu’s promising market.
Strategically located just 45 minutes from Mactan-Cebu International Airport, Cebu IT Park offers robust infrastructure, reliable utilities, and natural disaster resilience. Its elevated terrain minimizes flood risk, while its master-planned design integrates business and lifestyle amenities, creating a dynamic live–work–play environment that appeals to young professionals and multinational firms.
Originally the Lahug Airfield, the site was transformed into a premier business district after being declared an Information Technology Special Economic Zone in 2001. Today, Cebu IT Park offers the following Grade A office developments: Ayala Land’s Central Bloc; Arthaland’s Cebu Exchange, the largest multi-certified green office tower in the Philippines; and Filinvest Cyberzone Cebu Towers 3 and 4, which were fully leased upon completion in early 2025. “These developments set benchmarks for sustainability and functionality, catering to the growing demand for high-quality office spaces outside Metro Manila,” said Rosales.
The flexible workspace sector is also thriving, with Cebu IT Park accounting for 75 percent of Metro Cebu’s total flex inventory. As of Q3 2025, the park offers 10,500 seats across operators like KMC Solutions, Regus, and new entrants such as The Company Cebu and Enspace. This trend reflects occupiers’ increasing preference for agile, cost-efficient alternatives to traditional office setups.
Colliers forecasts tighter availability in the next three years, as no new supply is expected. “We urge developers to activate idle projects and prioritize green, BPO-grade office spaces to capture future demand. Disaster-resilient design and sustainability will be critical in attracting long-term tenants, as Cebu IT Park continues to demonstrate operational continuity despite recent natural calamities,” said Rosales.
Rosales added that Cebu IT Park’s proven “resilience and adaptability” makes it compatible for “companies looking to expand outside Metro Manila. Its combination of accessibility, infrastructure, and lifestyle amenities positions it as the epicenter of growth in the Visayas.”
