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Manila’s Top 8 Commercial Rental Spots

Posted by yash on November 11, 2024
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Metro Manila is the Philippines’ primary city and first metropolis. Presidential Decree established metropolitan Manila in 1975 when it merged the city of Manila and 16 other Local Government Units to form Metro Manila. Today, urbanization has spread into the cities and municipalities of the metropolis’s neighboring provinces, resulting in the Mega Manila Urban Region, with about 25 million, or roughly a quarter of the national population. 

Manila, or the National Capital Region, is the Philippines’ political, economic, and cultural center. Having a gross regional product of USD 189 billion (2011), it accounts for 33% of the national GDP. It is regarded as the second largest in the world.

There’s no question that Manila is one of the most dynamic and fastest-growing cities in the world. The city has a booming economy and a population of over 12 million, making it a prime location for businesses. Amidst so much competition, it’s essential to find the right location for your business.

Commercial rental spots are in high demand in Manila, and it can be tough to decide which area is right for you. That’s why we’ve put together this list.

Metro Manila is home to many MNCs, ranging from multinationals like Accenture and Convergys to growing tech firms like Cryptors and Machibox PH. Private offices for rent in Metro Manila have impressive amenities such as high-speed wifi. The leasing rates are meager, making the area ideal for all business operations.

This solid metropolitan economy and the improved services have been the primary drivers of the city’s continuous growth. However, this densely populated urban environment has placed significant strain on mega-resources.

 

The Philippines’ financial capital, Makati, is home to the country’s largest banks and corporations, the most embassies, thousands of registered businesses, and the most affluent residential enclaves. 

 

What Makes Manila a Commercial hub?

There are numerous reasons why the Philippines has emerged as a critical outsourcing destination. Some of them are highlighted below:

 

 Influence of Western Culture and Language Fluency

Over 90 percent of the country’s 100 million people are under 55. Additionally, the country has a high literacy rate of 95%, and an estimated 30% of graduates are employed.

As a former Spanish and American colony, the Philippines has a strong affinity for Western culture and is the third-largest English-speaking nation. According to a Global English Corporation report, the Philippines is the best country in the world for business English proficiency.

 

Government Assistance

Over the last decade, the government has been a significant proponent of the industry. BPO is one of the ten high-potential and priority development areas identified in the Philippine Development Plan. The government continues to monitor the development of the BPO sector through the Department of Science and Technology-Information and Communications Technology Office.

 

World-class Infrastructure

The infrastructure in the Philippines is highly developed. World-class telecommunication services are available, with redundant international connectivity via satellite systems. The business environment is favorable for global companies’ operations and practices, ensuring competence in serving international clients. Thanks to abundant, low-cost real estate in major metropolitan areas, clients save money on office space and utilities. 

 

Fastest-growing Economy

The Philippine economy can stand on its own. It has demonstrated resiliency even when hit by the most destructive typhoon. So far, its GDP growth has been consistent. And as a result of macroeconomic reforms, various aspects of the economy have vastly improved, resulting in favorable investment-grade ratings and optimistic growth forecasts through 2030 and beyond. It has not only attracted more foreign direct investments. It has also kept inflation and interest rates under control while reducing debt and managing the fiscal deficit more effectively. Aside from the BPO sector’s growth momentum, the flow of OFW remittances has also boosted the country.

Domestic consumption has also increased as a result of this. These economic developments contributed to Manila becoming an even more vital commercial hub and a more attractive investment location.

If you want to set up your business here in Makati, you can easily find some excellent commercial rental space.

 

Here are Manila’s Top 8 Commercial Rental Spots:

 

  1. Town Center Acacia Estates

Town Center at Acacia Estates is a community-scaled commercial hub that will house anchor stores and neighborhood retail establishments. It will be a focal point located along the main thoroughfare. These will serve the daily needs of residents and the general public who use the main road. These businesses are encouraged to build an alfresco area where diners can enjoy their meal or coffee while breathing in the fresh air. Residents of DMCI Homes will still enjoy privacy and security due to the planned location.

The Town Center is located in the heart of Acacia Estates’ lush greenways. It is a central hub that connects our active homeowners to a vibrant way of life. Grocery stores, restaurants, delis, salons, and clinics are all conveniently located for residents. Thus, providing the perfect location for any business.

 

  1. ORE Central

 

The Ore Central is a 30-story office building on 31st Street and 9th Avenue in Taguig City’s Fort Bonifacio. It was awarded LEED Gold certification for its high-quality green features, aiming for greater sustainability and reducing the impact of global warming.

The structure offers ideal modern office and retail spaces for various expanding businesses. Because of its distinctive cubic architecture and green engineered facilities and system, Ore Central has become one of the most well-known and preferred business addresses in BGC. Aside from its remarkable design and green functionality, the building’s ideal location also provides convenience to its occupants in terms of transportation access and leisure spots, such as the green park situated right in front of the building. 

 

  1. Magnolia Place

Magnolia Place is regarded as one of the best commercial areas in Manila, not only for its strategic location but also for its overall amenities. If your company provides services or sells products, leasing in Magnolia Place gives you access to many customers. It is situated near many schools, hospitals, and shopping centers. This medium-rise residential building’s entire property spans three acres of land. Having your business operate in such a tranquil setting relieves you of the stress of the work at hand, whether at night or during the day.

Major commercial establishments and landmarks are also within walking distance of Magnolia Place, and educational institutions would also be just a short distance away.

Magnolia Place is regarded as one of the best business locations in Manila, not only because of its strategic location but also due to the facilities offered by the complex. Because of the presence of schools, hospitals, and shopping centers in the area, you can expect many customers to visit your office if your business is in the service sector.

 

  1. Illumina Residences Manila

 

Illumina Residences Manila by DMCI Homes is a condominium complex located in Santa Mesa, Manila, on the outskirts of Quezon City. It is an exceptional condominium development that has been designed to highlight the illustrious and dynamic lifestyle of Santa Mesa. It also provides a seamless blend of Quezon City and Manila.

Illumina Residences Manila has several advantages due to its location in one of Metro Manila’s most well-known and industrialized districts. For starters, it provides residents with easy access to a diverse range of schools, shopping centers, hospitals, churches, and heritage sites in both Quezon City and Manila.

Similarly, future unit owners and renters will walk to transport terminals housing jeepneys, buses, and UV Express vehicles. This is a convenient way for you and your family to get around the metro and other thriving districts in Manila.

Illumina Residences, located in the heart of Santa Mesa, Manila, is crammed with elevators and a large parking space ideal for business operations. It has a grand reception lobby, similar to a hotel. The space for rent or commercial leasing has large windows and an excellent ventilation system. Tenants have access to phone lines and a WIFI connection, which is a benefit is on the lookout for commercial spaces to lease.

Overall, it is the ideal residential development for single professionals, students, and growing families who want to be close to various establishments and conveniences in two dynamic metro cities.

 

  1. Flair Towers

Flair towers is a condominium complex, hectares of prime property, with resort-style open-air leisure amenities such as three swimming pools, a jogging path, a pavilion, parks and gardens, a picnic grove.

In addition to the outdoor amenities, imagine that you can unwind at a fitness gym, spa, game room, or music room at Flair Towers. Or bask in the luxury of “the Observatory,” a sky-high roof deck with a plaza park, a sky lounge, a jacuzzi, and view decks.

Last but not least, the unit was greeted by a generous inflow of natural light and wind, made possible by Lumiventt’s revolutionary design technology.

 

In Mandaluyong City, Flair Towers is a two-tower residential condominium. The designs of each room prioritize maximum natural light and ventilation, which improves the area’s overall urban living atmosphere. Flair Towers, which is strategically located near the commercial centers of Alabang, Makati, and Taguig, allows you to avoid the stress and hustle of business districts.

 

  1. Cedar Crest

 

Acacia Estates’ Cedar Crest, a four-hectare complex of mid-rise Neo-Asian Minimalist condominiums, was under construction at the time. Because of Cedar Crest’s accessibility, anyone can easily commute to and from work. On the other hand, its security system puts everyone at ease when considering their children’s safety. It also provides amenities that truly satisfy and delight the residents and their guests.

Like the Town Center in Acacia Estates, Cedar Crest is located in Taguig City. Customers will flock to your establishment if it is built within the confines of a condominium. This residential compound is dotted with medium-rise buildings constructed to withstand harsh weather conditions such as storms. If you plan to open a cafe, mini-mart, or laundry shop, customers are already in the neighborhood. Cedar Crest is located near the C-5 road, a few minutes away from Makati and Taguig, so your business is safe in Cedar Crest’s hands.

 

  1. Cypress Towers

 

Another great commercial spot in Taguig City is the sky lounge at the Cypress Towers, surrounded by numerous buildings. The view from the sky lounge is ideal for business meetings and coffee breaks. The sky Lounge, which is currently occupied by a cafe, provides a 360-degree view of the city. The nature of your business may, however, have a significant impact on your choice of a strategic commercial space location. Consult with leasing services early on to determine your budget and inquire about the location’s environment to suit your business needs.

With its innovative use of space and design, Cypress Towers redefines high-rise living. Thanks to the unique pinwheel architectural configuration, residents can enjoy a refreshing yet modern city enclave. Each unit has a breathtaking view of the metropolis skyline, the Antipolo Hills, or Manila Bay with the famous sunset.

 

  1. East Ortigas Mansions

 

East Ortigas Mansions, considered one of the best commercial areas in Manila, has a high-tech perimeter fence and a 24-hour security system to protect against theft and other security issues. It is a condominium and townhouse project located near Ortigas and the Libis Commercial area, with multiple modes of transportation available. Ample parking spaces are also open to guests, so parking will not be an issue if you meet with clients. The area has the Mediterranean feel to it, so no matter what operation or business you have, you can always find time to rest and relax in between.

 

There are a lot of great commercial rental spots in Manila, but it can be hard to know where to start your search. In this article, we’ve highlighted eight of the best locations for businesses in the city. If you’re looking for a place for your company, these spots should be on your list!

We’ve listed Manila’s top 8 commercial rental spots in this article. If you’re looking for a space to set up your business, these are worth considering.

 

Manila is a great city to do business in, and its commercial rental market is booming. With so many options, there’s sure to be a spot that’s perfect for your business.

In the Philippines, the outsourcing industry in Philippines is booming. This country is poised to become the world’s leading outsourcing hub in the coming years, given its excellent business climate, particularly in four key areas: financial incentives, investor support, perceived risk environment, and government support.

 

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