SM Offices, the office development arm of SM Prime Holdings (SM Prime), is investing ₱6 billion this year to develop new office towers and workspaces across the country. Among the flagship projects is the Six E-Com Center, a Grade A office tower in the Mall of Asia Complex designed to cater to technology-driven industries and business process outsourcing (BPO) firms.
The expansion comes as demand surges for well-located, high-quality workspaces integrated within mixed-use developments. SM Offices has seen strong leasing momentum, with 95% occupancy reported across its 15 mall-based office locations nationwide as of January this year.
“The flight-to-quality trend is fueling demand for high-quality, well-located corporate spaces, giving SM Offices a competitive edge,” said Alexis Ortiga, Head of SM Offices.
SM Offices offers both standalone towers near SM malls and mall-integrated office spaces. These locations are strategically positioned within the larger SM Ecosystem, providing tenants seamless access to public transport, retail, dining, and entertainment options.
“All our regional sites are connected to SM malls and residences, making them highly accessible and attractive to businesses,” Ortiga noted. “This strategic advantage drives our commitment to regional expansion.”
Ortiga also highlighted that since the return of in-person work in 2022, more companies have prioritized office spaces that enhance employee convenience and accessibility. “It makes going to the office more efficient and practical,” he said.
A growing trend that further supports SM Offices’ growth is the increasing interest in provincial office locations. More traditional firms and BPO companies are expanding beyond Metro Manila to tap into a broader talent pool and take advantage of cost-efficient operational hubs.
To meet this rising demand, SM Offices is expanding its footprint in key regional cities such as Cebu and Bacolod. This year, the company is adding over 85,000 square meters of leasable space in these areas, targeting both traditional and BPO tenants.
With strong occupancy levels and ongoing investments in strategically located developments, SM Offices is well-positioned to capture growth opportunities in the evolving Philippine office market.
