Archive for the ‘ Office Space ’ Category

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.

Office Space Solutions: Serviced Offices in Makati and Manila, Philippines

Serviced offices offer a much needed convenience to foreign and local companies setting up business in the Philippines. These offices usually come fully-furnished, and are equipped by a separate facility management company. The managing company purchases the individual desks, office space, and operating equipment, then rents them out to client companies. Also referred to as executive suites, managed offices, business centers, or executive centers, serviced offices boast a large number of benefits, including plug and play options, prominent business adresses, and flexible short term contracts. These types of offices often have more flexible rental terms, compared to conventional leased office space, which are subject to more restrictive leases. Additional office space is easily allocated within short notice, making it more convenient for client companies in general, should a particular business change in size. Serviced offices are also more cost-effective, owing to the fact that client companies do not require to set aside capital for start-up costs and solicitor’s fees.

Real Estate Flourishes in Manila Bay

Historic Manila Bay, considered one of the best natural harbors in Southeast Asia, is currently experiencing a real estate boom. The bay serves as the primary port of Manila and is famous for its picturesque sunsets. Entry to Manila Bay is flanked by several islands, the largest among them being Corregidor, which is 3 kilometers from Bataan and, along with the island of Caballo, separates the mouth of the bay into the North and South Channels.

Real Estate Flourishes in Cebu, Stirs Investor Interest

Cebu is the oldest city in the Philippines and one of the foremost domestic shipping ports in the country. Rife with historical significance, the city is now home to the largest commercial center outside Manila and one of the fastest growing real-estate markets in the country. Hailed as the “Queen of the South”, Cebu is a developed metropolis with the idyllic charms of an exotic island destination. The city boasts a number of central business districts, IT Parks and special economic zones that have made it an ideal investment destination for foreign and local companies doing business in the Philippines.

Real-Estate Market Flourishes as Fort Bonifacio GROWS

Fort Bonifacio Office Space & Real Estate

Fort Bonifacio is just one of the many financial districts flourishing in the Philippines. From an old army post to a thriving potential financial capital, the Fort is proving its worth as a pot of gold for the local real estate market. As business prospers in the area, luxury residences and office buildings are rising up from the fields and empty lots.  Real estate developers and brokers are also expanding operations in the district to provide for the increasing housing demand. This has created an unprecedented boom for the Philippine real estate industry, as more and more foreign investors inject capital into Fort Bonifacio and the surrounding vicinity.

Office Space in Makati

Office Space for Lease in Makati

Whether you choose the central business district (CBD) or a more affordable option, there are many office buildings located very close to public transportation and in very safe areas. These are perfect buildings for any call center, contact center, IT and other BPO company in Makati, Metro-Manila.

Selecting the appropriate commercial office space is important in any country, but even more so in Makati and Metro-Manila.   Major considerations are tax incentives with PEZA (which can depend on the geographic location of your office space) and employees. A desirable place of employment for your local employees is a must in the Philippines. The most desirable office space for Filipino young professionals is located in office buildings on Ayala Ave, Makati’s Central Business District.