Buildings are currently classified according to grade: Grade A (Prime), Grade B (Secondary), and Grade C to D (older stock). These classifications are complemented by differences in amenities – Grade A buildings typically offer premium and luxury features, while Grade B buildings offer a more standard lobby and reception experience, for example. To better understand building types and their amenities, consult your commercial real estate advisor.
No. Many buildings today are designed as one-stop properties, integrating amenities such as dedicated retail space, parking facilities, and other supporting features alongside office space.
Certifications recognize features that enhance a building’s sustainability and marketability. These typically fall under two categories: Green Certifications (e.g., LEED, BERDE, EDGE), which support sustainability goals, and Smart Certifications (e.g., WiredScore), which support the IT infrastructure modern businesses require.
Choosing the right office building varies depending on multiple factors such as location, accessibility, building amenities, that ultimately meet the company’s business objectives and requirements.
Foreign companies can lease office spaces in the Philippines with the help of a commercial real estate advisor who can identify suitable properties, facilitate negotiations, and guide them through leasing requirements. Professional advisory services can help foreign occupiers navigate the local office market and secure space that meets their operational needs.
A commercial real estate broker should have strong market knowledge, access to a broad property inventory, experience in lease negotiations, and an understanding of local market conditions. Working with an established real estate advisory firm can help businesses make informed leasing and occupancy decisions.
Office vacancy and rental rates vary depending primarily on market conditions and location. Prime business districts such as Makati and BGC often commands the market, followed by secondary prime markets such as Ortigas, Bay Area, Alabang, and Quezon City. To understand the local office market, businesses should consult with their real estate advisors for the current office market updates.
Negotiating lease renewals often involve reviewing market rental rates, conditions, and evaluating business plans to meet business objectives. This is better achieved with a commercial real estate advisor to help secure favorable renewal conditions.
The Information Technology and Business Process Management (IT-BPM) sector remains one of the primary drivers of office demand in the Philippines. Its continued growth continues to command leasing activity across major business districts, as well as emerging business districts outside Metro Manila.
For over 30 years, we’ve mastered the art of protecting your asset while keeping the right bookings flowing – staying ahead of industry and local trends so your property always performs at its best.
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