Eton Properties Philippines Inc., the real estate brand of the Lucio Tan Group, has been recognized by CBRE Philippines’ Mid-Year Market Monitor 2025 as the 7th largest office developer in Metro Manila, after recording 7,400 sqm of office take-up in the second quarter of the year.
This recognition comes at a time when Metro Manila’s office market continues to face 20.3 percent vacancy rates, with many occupiers right-sizing or pursuing a “flight to quality” strategy — moving to newer, better spaces at competitive costs.
“Our inclusion in CBRE’s Top 10 ranking, at number seven, is an important milestone for Eton. It shows that we’re gaining ground in a competitive office market and that our developments are meeting the needs of today’s occupiers. Our focus is on building communities that are sustainable and future-ready, so our tenants can grow with us for the long term,” said Kyle C. Tan, President and CEO of Eton Properties Philippines Inc.
Eton’s performance continues to be anchored by the five Cyberpod office towers within the 12-hectare Eton Centris township in Quezon City, which remain strong drivers of IT-BPM demand. The company also posted solid results at Eton Cyberpod Corinthian along EDSA–Ortigas, while its Makati developments — Blakes Tower and E-WestPod — are steadily gaining traction as modern workplace options for companies seeking flexible, centrally located spaces.
Looking ahead, Eton anticipates sustained growth in the second half of 2025, with new tenants already lined up across its office portfolio. This momentum, backed by independent validation from CBRE, reinforces the company’s position as a competitive player in the Philippine office market and adds value for investors, tenants and brokers alike.