Commercial Real Estate Options in the Philippines
While there are currently many commercial real estate options in the Philippines, many major corporations often chose to locate their businesses in the biggest business districts in the country. Why is this so? Most often, corporations prefer to locate themselves within well-established business districts because this provides the convenient proximity to other business that may be complementary in nature. This means that if they are located nearby other businesses that could aid in their day-to-day operations then this could result in more efficient processes and ultimately more profit at the end of the day.
One option for companies is to locate their businesses in one of the three business districts present in the country: Fort Bonifacio or Makati. Makati is the oldest business district in the Philippines, hosting the highest percentage of major corporations in the country. Some of these companies include Nestle, Del Monte Philippines, Inc., Smart Communications, Globe Telecom, Coca-Cola, and Standard Chartered Bank. This is why it is a bit more challenging trying to look for a commercial space for lease in Makati due to its high density of companies currently vying for taking up the space in the area.
Another option is to go through a real estate consulting Philippines company or a commercial real estate brokerage company (Philippines) that engages in tenant representation that can lead you to properties in prime business districts. Fort Bonifacio (otherwise known as Bonifacio Global City or BGC) is another prime destination for foreign companies due to its strategic business location. The city has a very modern environment and a high standard of living for its inhabitants. Mostly populated with commercial office buildings and high-end residences, this area is very popular with new companies coming into the country as it boasts a more modern and up to date feel. Some of the companies already located in the area include Jaguar, Samsung, Hewlett-Packard, and JPMorgan and Chase.
There are still many commercial office spaces outside of these areas of course. There are still commercial spaces available outside the commonly known business districts in the country however being located outside of these districts does not offer you the distinct advantage of being located beside other major corporations. Also, aside from the prestige of being located in a certain area, being located in a central business district may be good for your company and may facilitate business as well. These places are a good place to start looking if you want to get your business off to a head start above the competition.
