QC

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Quezon City, Metro Manila

Quezon City, or "QC" as the locals would call it, is the former capital and most populous city in the Philippines. It is one of the cities that make up Metro  Manila and is also evolving to become a major business hub for many companies. In fact, Quezon City is a combination of public and private institutions because it houses many government offices. It also has a vibrant nightlife, with the Tomas  Morato area offering numerous dine-and-drink options in the area.  

QC, just like many of Metro Manila's other cities, houses numerous malls and other points of interest. The commercial center of the city is in Cubao, where many shopping malls such as Gateway and Ali Mall are located, together with a farmer's plaza and farmer's market that sells fresh food. The Araneta Coliseum is also located in Cubao, a major venue for concerts and sports events.  

Major universities such as the University of the Philippines, Diliman and Ateneo de Manila University  are located in Quezon City. The Batasang Pambansa, along with the seat of the House of Representatives,  is also inside the city. Major television companies such as TV5, ABS-CBN, GMA Network, NBN, RPN, UNTV, NET 25 and IBC are all based in Quezon City as well.  

Quezon City Office Space Market 

Without any new office completions, the vacancy rate rose to 8.7% in Quezon City after the expiration of several contracts in the submarket. With the relatively high vacancy rate persisting in the previous quarters, rental growth continued to struggle after declining 0.6%  QoQ to PHP 749.0 per  sq m / month.   

Conditions in the submarket  are not expected to improve in the coming quarters. With as much as 150,100  sq m expected to be completed in 4Q/2018, we believe the vacancy rate will spike as high as 16.2% by end-2018 and remain in double digits throughout 2019.  

For inquiries regarding available private office spaces and buildings for rent or lease in Quezon City,  contact us today. Listed below are some of our available units: