Identifying Property Hot Spots in Metro Manila for Office Location

metro manila

Identifying Property Hot Spots in Metro Manila for Office Location

The key to a successful business is the location, or so the saying goes. More than 13 million people have taken that advice and are now part of the populace of Metro Manila. Just like the metropolis of different countries, Metro Manila is seen as the place of opportunity with the best probability of success.

This perception has led many residents from the countryside to flock to the city, hoping to find a slice of their prosperity pie. Even for educational purposes, people believe that the Metro is where it’s at. Companies have also established their own central business districts, and are being marketed as the prime locations for office buildings. Commercial spaces in districts like Ortigas, Ayala, and The Fort are the most popular, but there are emerging alternatives.

Kapitolyo/San Antonio, Pasig City

Located just outside the Ortigas Central Business District, the barangays of Kapitolyo and San Antonio proper have emerged as office destinations of their own. At the start, they were only residential projects to house the workers from the CBD, but with the establishment of the Estancia Mall and Capitol Commons, office building projects have emerged making Kapitolyo and San Antonio along Shaw Boulevard a destination on its own.

Eastwood

Eastwood has also emerged as a rival to the Ortigas Central Business District. It is located North East from Ortigas CBD and is the gateway from Pasig to Quezon City, being traversed by C.P. Garcia Avenue, also known as Circumferential Road-5 (C-5).

It has a relatively small land area of 17 hectares but is constantly expanding as more establishments are building around the Eastwood City proper make the adjacent areas ideal for office space rental.

Pasay and Paranaque

pasay city

The stretch of Roxas Boulevard along the Manila Bay Area has been the leisure hub of most foreign visitors in Metro Manila. It is populated by the five-star hotels and casinos and the bustling nightlife of the Bay Area.

With the expansion of the reclaimed area that eventually led to the establishment of the Mall of Asia, the reclaimed area is now about to be populated by residential and commercial buildings. With an entire Central Business District by the bay, the Pasay and Paranaque area will soon become the business hub for the Southwestern part of Metro Manila.

Triangle Park, Quezon City

Using its default advantage of having the terminal of Metro Manila’s main train system, Triangle Park in Quezon City will be ideal for office space ventures simply because it is accessible. This is an ambitious project by Quezon City to rival the other Central Business Districts with 250 hectares of land.

The World Bank itself has dubbed this project as the “center of gravity” for Metro Manila in the coming years and with a huge land area, accessibility and development projects to be undertaken by Ayala Land and the Lucio Tan group, there won’t be a shortage of establishments.

There are plenty of development programs in the pipeline for Metro Manila, which would be great locations for office buildings. The government is also working for solutions to traffic and garbage problems. These are the price of progress, but progress cannot stop.

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