central business district has been modernizing with the
introduction of new office Grade A office buildings. As one of the
larger business districts in Metro Manila, it is one of the top
business and retail hubs in the country containing the largest
shopping malls, government agencies, and houses many multinational
The Philippine Economic Zone Authority (PEZA) has approved many
buildings in Ortigas
as a special economic zone. There is a total of 34 PEZA
accredited buildings in the said business area, granting businesses
tax incentives and income tax holidays.
Ortigas Office Market Performance in 2018
shows that vacancies continued to decrease at 2.5% of office stock
during the second quarter of the year. Ortigas
CBD welcomed new supply provided by
Robinsons Cyberscape Gamma which added another 43,300
square meters of office space.
Rental growth recovered and is now pegged at 3.2% YoY. The
vacancy is still expected to remain low especially after the
impressive pre-leasing performance in Robinsons Cyberscape Gamma.
Following this pattern, the Ortigas
CBD will soon cater to more Grade A and premium offices.
The development pipeline includes the premium offices: The Podium West Tower,
Jollibee Tower, and GLAS Tower. These additional premium
office buildings will improve the quality of stock over the next 12
months as they're handed over. This additional premium office
buildings will improve the quality of stock over the next 12
Doing business in Ortigas
Ortigas is strategically located at the center of three major
cities in the National Capital Region: Pasig, Mandaluyong
City. The CBD continues to be one of the top business locations
for both local and foreign multinationals, companies, and
Accessibility is not a problem since Ortigas carries a large
transportation hub in the metro. The rental rates in the city are
competitive and slightly more affordable for starting businesses or
Ortigas is also reasonably advanced in terms of facilities and
equipped with IT-BPO amenities. Plug-and-play coworking spaces are
also growing and are being offered in the city for small to medium
enterprises and other new market entrants.
KMC Solutions, the largest
flexible workspace provider in the Philippines, has also expanded
their operations in the area as well as The Loft and Common
Grounds. These spaces are strategically located in the main
business areas of Meralco Avenue, Pearl Drive, and ADB Avenue.
For any Ortigas office space needs, contact us at 403-5519 or