SM Offices, a unit of SM Prime Holdings, is reporting strong demand for its mall-based office spaces as companies prioritize mixed-use developments and expand into regional markets.
As of January, occupancy across its 22 mall-integrated office sites in the Philippines reached 95%, supported by a growing preference for workspaces with convenient access to retail and recreational amenities.
The company operates both standalone office towers near SM malls and office spaces within mall complexes, leveraging the broader SM ecosystem to attract tenants.
Demand is being driven by firms seeking accessible locations that support employee convenience, particularly as in-person work continues to normalize post-pandemic.
SM Offices is expanding its footprint in key provincial cities, including Cebu and Bacolod, where it is adding over 85,000 square meters of leasable space this year to cater to traditional firms and BPOs seeking lower operating costs and a wider talent pool outside Metro Manila.
To sustain growth, SM Offices has allocated PHP 6 billion for new developments in 2025, including the construction of Six E-Com Center in the Mall of Asia Complex, a Grade A office tower targeting technology and outsourcing firms. – PropertyNews.ph
