Philippine Real Estate | Office Sector Assessment

by PRIME Radar Team  April 27, 2017

The Philippine real estate industry is rapidly booming due to the robust economic growth and driving demand in the property market.

As for the office segment, the demand will continue to be driven by BPO, IT and offshore gaming companies. This surge turns to be most favourable for major CBD’s in the metropolis placing an upward pressure on rental rates.

Considering the demand drawn by the office sector, prime locations such as Makati and Taguig undeniably attract tenants of start-up companies as well as established firms who have office space requirement- these bustling cities ensure accessibility and convenience.

On the other hand, with the roaring growth and development in the business district of Pasig- the Ortigas Center, many office spaces are set for leasing in every corner possible.

Ortigas was considered as the 2nd most important CBD, as it is a place of bustling industry and commerce. Seeing all signs of serious business that leads to progress, is an enough indication of a booming city. Among the top 3 CBD’s, Ortigas offers the lowest rental rates for grade A and grade B office spaces- a perfect opportunity for organizations to secure their office space in the country.

As with PRIME Philippines expertise in providing sound real estate solution, we have established market influence with these major CBD’s across the metro. Setting up corporate office solutions help clients and organizations understand these emerging trends in the real estate escape particularly with the office sector.

Pertaining to this, PRIME Philippines have secured listings that complement the usual requirements of the clients. High rise buildings such as the Robinson’s Equitable Tower, which is developed by Robinsons Land Corporation is a PEZA Accredited building with features like fibre optic- ready and full back up power ; and  the Orient Square which is a first class property and the tallest building along Ortigas Center’s main road are some of the properties included in the current listing of office spaces in Ortigas.

Amidst the competitive industry of real estate, PRIME Philippines plays its role as the leading commercial real estate consultancy firm recommending all the possible corporate workspace solutions to clients and organizations based on their needs and priorities.