Archive for the ‘ Office Space ’ Category

New Rules on Foreign Business Ownership

On Monday, March 25 2013, the Securities and Exchange Commission (SEC) released a draft memorandum circular regarding the government body’s foreign ownership rule. The SEC had released this draft to the concerned parties asking for their input and comments by April 25.

Instead of the previous provision stating that foreigners can only own 30 to 40 percent of all classes of a company’s stock, now the new draft states that foreigners may now own 30 to 40 percent of voting shares and total shares. This rule applies to companies in the utilities, media, advertising, and natural resources industries.

Foreign Direct Investment Posts Significant Increase in 2012

Foreign direct investment inflows have never been better as confidence increases in the Philippine business environment. Foreign direct investment increased by 10% by the end of 2012. Comparing from the previous year, the amount increased from $1.85 billion in 2011, a significant amount in itself, to an even more impressive $2 billion in 2012. There was an increase of $150 million over the course of the year which was, as previously mentioned, 10%.

Lease Rates and Stable Office Supply Assured by BPOs

The Business Process Outsourcing sector will continue to create majority of the demand for real estate, supported by a wide market of residential buyers, property consulting company CBRE Philippines said on Wednesday.

Joey M. Radovan, CBRE Vice Chairman and Global Services Head said that only Makati is seen to have greater prices this season due to its reducing area, with the other places, such as Fort Bonifacio and Quezon City predicted to maintain their lease levels.

5 Steps On How To Buy Commercial Real Estate

If you want to buy commercial properties, you need to have a good amount of expertise. You should know that having the right capital to buy a certain property is not enough to make you a good investment. You should be familiar with market conditions.

Buying a commercial real estate can be a good investment for your business, especially if you want to reduce costs by using it to your own operations rather than pay a lease to another party. However, before you buy commercial real estate, there are a number of factors to consider, ranging from the financial health of your own company to the viability of commercial real estate, you have in mind. It is important to understand that these types of investments are made ​​after careful consideration and analysis of the potential return on investment.

Leasing Office Spaces for Business Purposes

Millions of people worldwide are regarded with business of different eccentrics. But not all of them have his or her office spaces. In most cases, office spaces are rented by business owners on a contract basis. The most common ground why several of the business owners go for office space for rent Makati is that it is not possible for all the business owners to buy properties or lands to tidy up their offices. Hence, there is absolutely no other way than to rent office spaces for business aims. In such cases, office renting can be a well suited solution.

Office Space Rentals

Southeast Asia is one of the world’s fast growing economies. Rapid climb and development are paving the way for many countries out of the region to imitate the achievement of the Asian “tiger economies” like Singapore, Taiwan, South Korea, and Japan. One such country is the Philippines; and according to a recent written real estate market report Philippines, it is well on its way to becoming one of the large economies of the world. All this potency for growth in the country is the reason for steady growing office for rent in Makati.

Why a broker can get you a better deal for lease renewal

by: Yves De-Luis

1) Reduce costs

Real estate brokers know best when it comes to real estate market scenarios. What most tenants do not realize is that the possibility of a better deal somewhere always exists. Chances are, only qualified real estate brokers know exactly where to find them. Due to the increase in available office spaces, the current office leasing market favors the tenants more.  Compared to their current terms, tenants can reduce their real estate costs up to 50% easily if they only knew how to leverage on the market.  Hiring a qualified real estate brokerage company can help you understand the dynamics of the market and gain insights in order for you to get a better deal if not the best one.

by: Kathleen Yu

Virtual offices are now gaining in popularity as ideal office space options for start up companies doing business in cities like Makati, Manila and Fort Bonifacio. But what are they, exactly? And what differentiates them from ordinary commercial office space? This article will give you an overview of virtual offices, their advantages and disadvantages, as well as the monthly rental rates for virtual offices in major Metro-Manila locations. Virtual offices, or “executive suites” are advantageous in that they combine off-site communication and address services with the more traditional elements of regular office space.

According to Michael McCullough of Philippines real estate brokerage firm KMC MAG Group, “Virtual offices provide companies with the benefits of a regular office location, minus the employee and rental costs. Many companies setting up business in Metro-Manila are now availing of this option, which enables a business to set up operations outside an office setting, and cut down on other expenses in the process.”

by Yves De-Luis

In 2009, Bridgebury Realty Corp, an affiliate of the Zuellig Group, announced that it will be investing 7 billion Peso for the construction of the Zuellig Building.

The Zuellig Building, to be completed by Q1 2012, is located in the Makati Central Business District, at Makati Avenue corner Paseo de Roxas, on a lot area of 8,285 square meters. The 33 storey structure is a premium, commercial, single-owner office building, with 55,000 square meters up for lease to multi-tenants as well as lease of PEZA office space.

Seat rentals are an ideal option for start-up BPO companies and call centers in the Philippines. Not only are they cost-efficient and user-friendly, seat rentals also enable companies to reduce capital expenditures, while focusing on the more important aspects of the enterprise. Seat rentals are purchased on a monthly basis and do not require prior contractual agreements. This makes it a convenient option for companies looking to set-up business operations within a short period of time, minus the legal hassle. As the Philippine BPO industry continues to grow and develop, the demand for seat rentals in business districts like Makati, Ortigas,Fort Bonifacio and Manila is increasing at a rapid rate. There are a large number of alternative seat rental options available to BPO companies and call centers in the Philippines, including plug and play solutions, desk and cubicle offices, and many others.