Colliers: Cebu IT Park cements status as top business hub outside Metro Manila

Cebu IT Park is solidifying its position as the leading business hub outside Metro Manila, according to global diversified professional services and investment management company Colliers.

In a recent article published by the company, Colliers highlighted that Cebu IT Park has been attracting global brands and IT-BPM firms seeking scalability, convenience, resilience, and a strategic address that allows them to tap into Metro Cebu’s growing market.

“With office vacancy rates dropping to 14 percent in Q3 2025 from 28 percent in 2022, and over 96,000 sqm of office transactions recorded in the first nine months of 2025, the district is experiencing unprecedented growth driven by expansions from major players such as Concentrix, Optum, EY, and Wipro,” said Ohara Rosales, Colliers manager of Office Services – Tenant Representation – Cebu.

Strategically located just 45 minutes from Mactan–Cebu International Airport, Cebu IT Park offers robust infrastructure, reliable utilities, and strong natural disaster resilience, making it one of the most dependable business locations in the country. 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.

Currently, Cebu IT Park boasts Grade A office developments such as 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,” Rosales said.

Flexible workspace growth

The flexible workspace sector is also thriving, with Cebu IT Park accounting for 75 percent of Metro Cebu’s total flexible workspace inventory.

As of Q3 2025, the park offers 10,500 seats across operators such as KMC Solutions, Regus, and new entrants including The Company Cebu and Enspace.

The trend reflects occupiers’ growing preference for agile and cost-efficient alternatives to traditional office setups.

Colliers forecasts tighter availability over the next three years, as no new office supply is expected during the period.

“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,” Rosales said.

“Cebu IT Park has proven its resilience and adaptability, making it the ideal location 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,” she added.