Quezon City enters 2025 as Metro Manila’s most dominant economic center. It’s largest population hub, top GDP contributor, and a market undergoing a major infrastructure-driven transformation. This report outlines key macroeconomic drivers, sector performance, and the city’s long-term real estate outlook.
Macroeconomic Strength: Metro Manila’s Leading Growth Engine
Quezon City recorded the highest GDP among Metro Manila cities in 2023 at PHP 1.27 trillion, representing 19.3% of regional output and around 6% of the national economy. The city is projected to reach 3.8 million residents by 2040, supported by a young median age of 31.7 and strong household consumption.
In the 2023 CMCI rankings, QC placed 1st in Government Efficiency, Infrastructure, Resiliency, and Innovation, and 2nd in Economic Dynamism. Employment remains strong at 96.1% (June 2024). Digital governance reforms have expanded over 21 online public services, while MSME registrations continue to grow steadily.
A major growth catalyst is infrastructure: 18 new transit stations from MRT-7, Metro Manila Subway, LRT expansions, and the Unified Grand Central Station will position QC as the region’s largest intermodal hub.
Sector Highlights: Office, Land, and Industrial Growth
The office sector remains resilient, accounting for ~25% of Metro Manila demand with 93,700 sqm of leasing activity in 2024. Occupancy averages 80% in early 2025, supported by government agencies and professional services that stabilize demand despite BPO sector shifts from AI and offshoring trends.
Land values show strong appreciation:
- Tomas Morato: +150% (2019–2025), reaching PHP 400,000/sqm
- Panay Avenue: +86%
- Ayala Hillside: +122%
- Corinthian Gardens: +63%
QC also leads NCR industrial demand, capturing 37% of warehouse requirements (2024–Q1 2025), driven by central logistics access and strong consumer density.
Major developments include Shang Summit (80 floors), One Delta Residences (57 floors), and Vertis North expansion with 82,000 sqm of new office space by 2027.
Outlook: Transit Premium and the Quadrangle CBD
The defining driver is the transit premium effect, where properties near rail stations historically gain 10%–25% value uplift post-completion.
The Quadrangle Business District (EDSA–Quezon Avenue) is emerging as QC’s next CBD, anchored by SM North EDSA, Vertis North, Centris, and Solaire North, with strong office and retail density.
With the Metro Manila Subway reducing travel time to NAIA to ~35 minutes, Quezon City is positioned to become the capital region’s next premier urban core, reinforcing long-term capital appreciation and investor demand.
