SM Offices, the commercial leasing arm of SM Prime Holdings, Inc. (SM Prime), is adding approximately 31,000 square meters of PEZA-accredited office space in Quezon City through the development of North Tower 3 at the SM North EDSA Complex.
Scheduled for completion in the second half of 2026, the project comes at a time when the pipeline of new PEZA-accredited office developments in Metro Manila remains limited. As companies continue to seek future-ready workplaces that support operational efficiency and employee convenience, North Tower 3 is among the few remaining large-scale PEZA-registered office developments in Quezon City.
A recent market report highlighted the constrained supply of PEZA-accredited office developments in Metro Manila, even as demand remains strong from companies seeking locations that offer access to tax incentives, seamless transport links and employee-focused environments.
“Companies today are becoming more intentional about where they locate their operations. Aside from office space, they are looking for environments that help improve efficiency, accessibility and overall business resilience. North Tower 3 brings these together in one highly connected and future-ready estate,” said Alexis Ortiga, Vice President and Head of SM Offices.
The development also reflects the growing preference among occupiers to consolidate operations in newer, transit-oriented business districts that can better support evolving workplace requirements and employee commuting needs.
North Tower 3 is a 22-storey office tower that forms part of the latest wing of the SM North EDSA Complex. The complex will be directly linked to the upcoming North Triangle Unified Grand Central Station, a major transport hub connecting LRT Line 1, MRT Line 3, MRT Line 7 and the Metro Manila Subway. The development also benefits from proximity to the newly operational North EDSA Busway Concourse and the EDSA elevated pedestrian walkway.
Designed to meet the standards of SM Offices’ premium portfolio, North Tower 3 incorporates energy-efficient technologies, optimized daylighting, water-efficient fixtures and sustainable building materials. Together, these features promote operational efficiency and reinforce the development’s commitment to delivering future-ready workspaces that meet global sustainability benchmarks.
As a PEZA-accredited development, North Tower 3 enables qualified locators to avail themselves of fiscal and non-fiscal incentives that support business growth and expansion.
To further strengthen its value proposition for prospective tenants, SM Offices continues to work closely with the Quezon City local government in promoting incentives under the Quezon City Economic Development Incentives Code, which provides qualified businesses with fiscal benefits for expansion, relocation and long-term investments within the city.
Its location within the SM North EDSA Complex also places tenants and employees near a diverse mix of retail, hospitality and residential developments, including SM North EDSA, Park Inn by Radisson North EDSA and Grass Residences.
“The synergy between SM Prime’s ecosystem and Quezon City’s business-friendly climate makes a compelling case for locators. Removing day-to-day friction allows them to focus on long-term growth,” Ortiga concluded.
