Cebu IT Park Drives Office Space Growth with 14% Vacancy Rate in Q3 2025
Cebu IT Park has seen a significant reduction in office vacancy rates, dropping to 14% in Q3 2025 from 28% in 2022, fueled by over 96,000 square meters of transactions. As a prominent business hub outside Metro Manila, it attracts global brands and boasts a thriving flexible workspace sector, accounting for 75% of Metro Cebu's inventory. Colliers predicts tighter availability in the coming years, emphasizing the need for developers to focus on green and disaster-resilient office spaces.
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Metro Cebu's office vacancy rates decreased to 14% in Q3 2025 from 28% in 2022, with over 96,000 square meters of office transactions in the first nine months. Cebu IT Park emerged as the leading business hub outside Metro Manila, attracting global brands and IT-BPM firms.
Its strategic location, 45 minutes from Mactan-Cebu International Airport, features robust infrastructure and natural disaster resilience. The site, transformed from Lahug Airfield into an IT Special Economic Zone in 2001, includes significant developments like Ayala Land's Central Bloc and Arthaland's Cebu Exchange.
The flexible workspace sector is thriving, with Cebu IT Park accounting for 75% of Metro Cebu's flex inventory, offering 10,500 seats from various operators. Colliers forecasts tighter availability in the next three years, urging developers to prioritize green, disaster-resilient office spaces.
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