Alabang

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Alabang, Muntinlupa City, Metro Manila

The  micro district of Alabang, part of the second district of  Muntinlupa City, has undergone tremendous growth in the last decade. It has become an IT park for developing companies and has also boomed in the last 10 years, acquiring urban standards.  

super city  in its own right, Alabang houses major economic players such as Filinvest Corporate City, Madrigal Business Park, Northgate  Cyberzone Business District, and the massive  Insular Life Towers. Overall, Alabang has transformed Muntinlupa into a strong financial and commercial city.  

Other notable establishments in the city include the entertainments districts of Alabang Town Center and Festival Supermall. Topnotch medical facilities such as the Asian Hospital and Medical Center are also situated in Alabang.  

For companies that want to set up business operations within Alabang, KMC Savills can provide fully serviced offices spaces with private offices and coworking space that caters to even the most specific business requirements. With our large office and flexible  workspace inventory,    we can deliver to all business sizes from startup,  local and foreign SMEs, and  other expanding enterprises.

Alabang Office Space Market  

The Alabang CBD experienced a record entry of new stock in 2017, with around  89,900   sq m of additional office space. Despite the significant inflow of supply, the vacancy rate increased slightly to 2.2% at the end of the year compared to 1.7% in 4Q/2016.    

Rents remained affordable despite the Alabang market's impressive performance. Growing by 3.0% YoY in 4Q/2017, Alabang ended the year with an average rate  of  Php 637.8  sq m / month.  

Our reports also show that another  88,400   sq m of the  gross leasable area is slated for completion in 2018, but we also forecast a minimal effect on the vacancy rate, given the robust occupier demand in 2017. Rental growth may also  accelerate indefinitely if market tightness is sustained in the coming quarters.  

The additional 38,900  sq m from Filinvest Axis Tower 1 barely made a dent in Alabang as the vacancy rate remained low at a very tight 0.8% of total stock. Prior to its completion, pre-leasing of the office building was robust as the demand from the POGO sector expanded into the submarket.   

With the tight market conditions in Alabang, the average rent grew by 5.0% YoY during the quarter, pegged at Php 662.3 per  sq m / month. We have revised our vacancy rate forecast downwards for Alabang given the entry of POGO players in the submarket. We further expect an acceleration of rental growth in the coming quarters,  similar to our experience in the Bay Area.  

Contact KM Savills  today for all your inquiries regarding Alabang office space for rent!