Because of the growth of the call center and business process outsourcing sector, the past 10 years has been very busy and lucrative for the Philippines real estate industry. In the past, there have been reports that there were shortages in office space available for some businesses. Fortunately, that was easily fixed with by the property development industry. Companies can easily get an office in Manila these days.
Today, it is common to find both high-rise and low-rise buildings in Metro Manila and the surrounding areas. Where there was once lush vegetation and undeveloped tracts of land, there are now high-rise buildings where call centers and other types of office in Manila are located. For example, the cities of Taguig and Pasay were once less-developed than its prominent neighbor Makati. Now, they are now competing with Makati for property development. A lot has changed in just a few years.
Still, Makati has long been the most desired address for every businessman wanting to start out or expand his business in this country. The rent in Manila for an office in this area is fairly reasonable for buildings that are located in the Central Business District.
When compared to other business districts and other places in the country, the amount that one will pay for the rent is considered expensive. However, it is well worth the money you'll pay for the office space because of its closeness to other major establishments, government offices, and the airport. It is also close to condominiums and apartments that can cater to businessmen and expatriates.
Entrepreneurs can find the best offices that would cater to their needs in Makati. If they are just starting out or are gearing for expansion, an office address in Makati would just be the best. These offices range from several square meters which can house a small office of a start up business and a large office which can house a well-established enterprise.
The area is also great for foreigners wanting to start a business in the Philippines. If you'll review office spaces being offered over the internet, you'll find that prices are available in US dollars, Korean Won, Japanese Yen, and other such currencies. This is very convenient for expatriates who want to set up a business here, so that they will have a general idea of how much they will likely spend for an office for rent in Manila and adjust their expenses according to the need.
The best offices in the city are located along the stretch of Ayala Avenue, Makati Avenue, and Paseo de Roxas. The area of Rockwell in Makati is also a very good location to set up a business in because there are now so many high-rise buildings in the place that could cater to any enterprise needs.
Whatever your business needs, Philippines real estate can provide it to you. Whether you're looking for a small or large office for rent in Manila, the property development sector can meet your needs. Look for an office in Makati and the surrounding area and you won't be disappointed.