Ortigas Center
Ortigas, Metro Manila
The Ortigas Center is one of Metro
Manila's biggest central business districts, along with Bonifacio
Global City (BGC) and Makati. KMC Savills offers commercial office spaces for rent,
with numerous options for private office spaces, serviced
offices, and even flexible coworking spaces within
buildings.
Ortigas is a privately-owned area, as
such, the district is fully equipped with state-of-the-art
amenities and facilities designed to maximize business progress. In
fact, many of class A, PEZA-accredited buildings in
the area are capable of housing private offices and coworking areas
for rent that can meet the demands of almost any company in any
industry today.
Ortigas is also home to a multitude
of major economic institutions. The headquarters of the Asian
Development Bank, UnionBank, San Miguel Corporation, and
Jollibee Foods Corporation are all located in Ortigas. But the
district is also home to many entertainment areas and lifestyle
hubs. Nightclubs such as Elbow Room and Serendipity Lounge give
employees a good "chill out" option on Friday nights, and
international cuisine restaurants such as Marufuku and Matgalne also line the streets of
Ortigas.
KMC Savills can provide an updated
list of available private offices or flexible
office spaces in Ortigas, located in class A,
PEZA-accredited buildings. We have the largest inventory of premier
buildings, serviced offices and coworking spaces in the
Philippines. We can help you find the office space you need for
your operation including desk rentals, temporary shared office
space, staff virtual leased staff, emergency office space, and many
other business development services.
Ortigas Office Space Market
Market conditions in Ortigas
Center improved as there is a substantial decrease in vacancies and
no new completions in 4Q 2018. The submarket ended the year with a
vacancy rate of 2.0% after net absorption rebounded to 51,700 sq m
in 2015 to just 2,800 sq m in 2017.
Despite the tightening
conditions, rental growth was still modest at 3.3% YoY
and raising average rents
to PHP 691.0 per sq m / month. A double-digit vacancy rates in the coming
quarters due to the large inflow
of new supply from The
Podium West Tower in 1Q 2019. Although elevated
vacancies typically pull rental growth
down, improvement in the quality of the overall stock in Ortigas Center should
correct the rental disparity between the established
CBDs.
Contact us
today for any
inquiries you may have. Listed below are some of the recent
listings in our publicly available list:
