By Beatriz Marie D. Cruz, reporter
philippines flexible Analysts said the workplace market is set to expand further this year as Global Competence Centers (GCCs) and multinationals increase their presence in key business districts and regional centres.
“We expect continued growth in the flexible workspace sector, supported by local and global trends,” Mikko Baranda, director of commercial leasing at Leechiu Property Consultants, said in an emailed response to questions. “Global economic uncertainty and cost optimization requirements will further strengthen demand to seek adaptive solutions.”
GCCs, or in-house service centers of multinational companies, view the Philippines as a prime location for talent and cost efficiency.
“For many of these companies, flexible workspaces provide a lower-risk entry point before committing to larger, long-term offices,” Mr Baranda said.
Flexible workspaces — offering hot desks, pods, meeting rooms and lounges — have become a staple in corporate real-estate strategies, he said. These models attract project-based teams and market entrants looking to scale operations amid uncertain global conditions and high leasing costs.
Local coworking operator Greatwork Global Workspaces plans to double its footprint by 2026 to meet growing demand.
“We have a strong pipeline of local and international companies requesting Greatwork locations in areas where they are expanding operations and hiring talent,” Ruth Koyoka, assistant vice president of sales and business development at Greatwork Global Workspaces, said in a Viber message.
Greatworks is in talks with more than 20 landlords in Metro Manila, Clark, Cebu and select regional business districts. Its offices offer co-working areas, private suites and virtual office services with designs featuring natural light, ergonomic layouts and premium finishes.
In 2025, the company recorded approximately 90% occupancy at its Quezon City and Mandaluyong branches.
About 60% of its tenants are foreign companies – including business process outsourcing and Fortune 500 companies – while 40% are Filipino-led enterprises and government clients.
“This mix provides resiliency to economic cycles and strengthens our position as a premium, enterprise-ready coworking operator,” Ms. Koyoka said.