2018 was a pivotal year for the commercial real estate market in Makati. It has brought positive changes to the economic structure of the city with the development of new trends in business and a wide range of core and flexible offices for rent offers. The city occupies the 2nd place in the country after Quezon regarding the office stock location. But the prices for venues rent in Makati are about 20-30% higher than in Quezon. Businesses, such as IT, BPO, and online gaming are the top looking for an appropriate commercial real estate in Makati. Class A offices are the most expensive ones. In Makati’s CBD, the costs for such kind of spaces range from $17,5 to $35,9 per sq.m. So, Makati is a leader in commercial properties leases in the Manila Region. Demand-offer tendencies show growth in workspaces rents because of constructions setback. That’s why many companies willing to set their business in Makati have pre-commitments to certain offices building projects.
