Warehouse supply in the Philippines is projected to expand by around 4% in 2025, sustaining the growth seen last year that brought total coverage to 37.6 million sqm, according to PRIME Philippines.
Key demand drivers remain logistics, manufacturing, and wholesale and retail firms, with warehouse supply this year expected to concentrate in Rizal, Cavite, Laguna, Pampanga, Cebu, and Davao.
Occupancy & Demand: Warehouse demand doubled in the second half of 2024 to 1.37 million sqm, with provincial occupancy rates above 97% led by Cebu, Laguna, and Davao.
Rental Rates: Warehouse rents rose 6.19% YoY, driven by tight supply of modern Grade A and B facilities.
Expansion Areas: New projects will rise in Taytay, Silang, Calamba, Porac, Balamban, Consolacion, and Davao City (Bunawan).
Cold Storage: Cold storage supply grew 12.9% in 2024 and is projected to rise another 9% in 2025, supported by rising food trade, population growth, and demand for cold chain solutions.
PRIME Philippines CEO Jet Yu said the industrial sector is “finally awakening as a giant of the Philippine economy,” with clients and occupiers bullish on the outlook for the next two to three years.
Meanwhile, the Department of Trade and Industry (DTI) has tapped PRIME Philippines to develop a national warehouse registry to improve transparency, identify supply gaps, and reduce food spoilage in the supply chain.
Source: https://portcalls.com/warehouse-supply-seen-to-expand-4-in-2025/
