Laguna warehouse lease is largest industrial transaction in H1 2026, says Savills

Savills Philippines reports the largest single industrial warehouse lease in the first half of 2026, a 22,000 sq.m. logistics facility in Laguna. The transaction was driven by rising e-commerce volumes and demand for faster last-mile delivery, with the Cavite-Laguna-Batangas corridor accounting for

Rising e-commerce volumes and demand for faster last-mile delivery drove what Savills Philippines described as the country's largest industrial warehouse transaction in the first half of 2026. The transaction involved a 22,000-square-metre logistics lease in Laguna, which Savills said was the largest single warehouse commitment it tracked across South Luzon's industrial corridor during the period.

Laguna recorded 54,000 sq.m. of notable industrial leasing transactions in the first half, with logistics and e-commerce activity concentrated in the province, the property consultancy said in a statement on Tuesday, 6 Oct 2026. The Cavite-Laguna-Batangas corridor accounted for 80 per cent of total industrial leasing transactions in the first half, according to Savills.

“Occupiers in the logistics space continue to prioritise locations that offer both scale and proximity to key consumer markets, and Laguna remains well positioned to meet that demand,” Savills Executive Director for Investment Services Quirino Teo, Jr. said.

Savills said logistics operators were increasingly prioritising facilities that support sorting, inventory turnover, and dispatch speed, rather than storage capacity alone. “Sorting, dispatch speed, and inventory turnover are now central to site selection, and this transaction is a clear example of that trend playing out in the market,” Savills Associate Director for Investments Early Orolfo said.

According to Savills' first-half 2026 Industrial Market Report, the national construction pipeline is projected to deliver 152,000 sq.m. of new industrial space this year, down from 450,000 sq.m. delivered in 2025. The consultancy said logistics and e-commerce activity was concentrated in Laguna, which it described as a growing fulfilment and distribution hub in South Luzon.

In September, Savills said industrial hubs with limited power-grid capacity risked losing projects to locations with greater electricity availability as power supply became a bigger factor in site selection.