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Manila Bulletin devider Business devider Trade & Industry devider Metro Manila IT ecozone ban lift to expand PEZA office supply—Colliers

Metro Manila IT ecozone ban lift to expand PEZA office supply—Colliers

Published Jul 29, 2026 02:46 pm

The lifting of the seven-year moratorium on new Philippine Economic Zone Authority (PEZA)-accredited information technology (IT) parks and IT centers in Metro Manila is expected to ease the shortage of PEZA-compliant office space in the capital region as well as attract more technology and business process outsourcing (BPO) investments, according to property consultancy Colliers Philippines.

In a report on Wednesday, July 29, Colliers Philippines director Kevin Jara and research manager Kath Taburada noted that President Ferdinand R. Marcos Jr.’s Administrative Order (AO) No. 45 allows PEZA to process applications for new IT parks and IT centers in National Capital Region (NCR), while the moratorium remains in place for other types of economic zones.

According to the Department of Trade and Industry (DTI), the policy aims to attract more investments, generate high-quality jobs, unlock new real estate opportunities, as well as strengthen Metro Manila’s position as the country’s leading information and communications technology (ICT) hub.

Colliers said AO 45 also responds to sustained demand from IT and business process management (IT-BPM) firms, global capability centers (GCCs), as well as multinational occupiers seeking PEZA-accredited office locations with access to deep talent pools, mature infrastructure, and strong transport connectivity.

The consultancy said the policy addresses a growing supply mismatch in Metro Manila’s office market. As of the first half of 2026, Metro Manila had about 7.9 million square meters (sqm) of PEZA-accredited office stock, with 1.46 million sqm available for lease. However, only 496,000 sqm of the available PEZA space is located in occupiers’ preferred central business districts (CBDs), namely Makati City CBD, Fort Bonifacio in Taguig City, and Ortigas Center.

Colliers estimated that around 681,000 sqm of available office space currently under PEZA processing or application could be added to the existing PEZA inventory once approved, immediately expanding the pool of PEZA-compliant office options for investors and occupiers.

Looking ahead, the consultancy said about 607,000 sqm of Metro Manila office space scheduled for completion between 2026 and 2030 has already been PEZA-proclaimed, while another 604,000 sqm could qualify for accreditation under the revised policy. Combined, these projects could add about 1.2 million sqm of new PEZA office stock over the next five years.

Colliers said the approval of AO 45 should broaden occupier choices and restore a more sustainable pipeline of PEZA-compliant office developments in Metro Manila by unlocking available inventory awaiting PEZA processing and enabling future office developments to secure accreditation.

For landlords, the policy provides a clearer pathway to attract PEZA-registered occupiers, particularly IT-BPM firms and GCCs. For occupiers, the expanded pipeline should offer greater flexibility in site selection and expansion planning while helping sustain Metro Manila’s competitiveness as a regional outsourcing destination.

Colliers added that the order is a targeted exemption that does not dismantle the government’s countryside development strategy because the moratorium remains in place for non-IT economic zones, striking a more balanced approach between promoting regional growth and aligning investment decisions with market realities.

Related Tags

Colliers Philippines information technology and business process management (IT-BPM) Philippine Economic Zone Authority (PEZA) Administrative Order (AO) No. 45 Ferdinand Bongbong Marcos Jr.
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