CENTRAL Luzon is strengthening its position as one of the Philippines’ most dynamic real estate destinations, with an expanding industrial base, transport infrastructure, and provincial offices as the main drivers. As a result, there has been sustained investor interest in Pampanga, Bulacan, Tarlac, and emerging growth corridors connected to Clark and New Clark City.
The global diversified professional services and investment management company Colliers shared their report about the region’s 2025 QR performance on March 24, 2026, at the West Aeropark Building, Clark Global City.
Pampanga emerged as the region’s strongest performer when it comes to the continued provincial expansion of outsourcing firms. It ended 2025 with 538,000 sqm of total stock, a significantly improved 17 percent vacancy rate, and headline rents ranging from P550 to P750 per sqm, supported by occupiers from IT-BPM, finance, flexible workspace, ESL, and manpower services.
Bulacan recorded 1,765 sqm in office transactions, reflecting its early-stage market while highlighting future potential tied to the New Manila International Airport.
According to Kevin Jara, Colliers director and head of office services — tenant representation, “Central Luzon’s office sector is steadily maturing, with Pampanga firmly establishing itself as the region’s premier hub for the IT-BPM sector.”
Colliers data shows that Central Luzon’s residential market growth was anchored by its major integrated communities. In Pampanga, large-scale townships such as Alviera, Capital Town, and Centrala attracted end-users and investors seeking properties near Clark’s catchment area. Bulacan’s residential prospects strengthened due to its proximity to Metro Manila. Airport-driven development heightened interest in townships surrounding the future aviation hub.
Strongest pillar
Joey Roi Bondoc, Colliers director and head of research, said, “Township-led residential growth in Central Luzon reflects rising demand for modern, master-planned communities outside Metro Manila.”
The industrial sector remained the strongest pillar of Central Luzon’s real estate landscape. The region is set to deliver 930 hectares of new industrial supply from 2026 to 2028, far outpacing Southern Luzon’s 245 hectares.
According to Bondoc, Pampanga led the way with projects such as the Clark National Food Hub (64 hectares) and new industrial estates in Clark and New Clark City.
Tarlac captured major manufacturing commitments, including Ajinomoto’s P9.1‑billion facility and Coca-Cola’s 42‑hectare production site.
Bulacan is emerging as a pharmaceutical and logistics hub, supported by future airport connectivity.
Central Luzon’s hotel and hospitality market is anchored by Clark Freeport Zone, now among the country’s most active MICE destinations. The Clark International Convention Center, coupled with the expansion of Clark International Airport, enhanced the region’s competitiveness in hosting large events and attracting international travelers.
While Pampanga and the Clark area remain key nodes, Zambales and Tarlac benefit from spillover tourism and improved expressway access.
Evan McBride, CEO of Aeropark Development Philippines Inc. (ADPI), developer of West Aeropark, described the “structural shift” happening in Clark: “With one of the most connected infrastructures in the Philippines and a deep talent base, it is becoming one of the most compelling locations for long-term business and investment, with efficient access to both local and global markets.”
