KMC offers private offices and coworking spaces for rent in Makati available for startups, growing companies, and multinationals. We have the largest inventory of serviced office space in the Philippines, so companies can rest assured that we have a flexible workspace that fits their needs.
Makati is the National Capital Region's first central business district (CBD). The city is the major financial, commercial, and economical core of the Philippines because of the various multinational companies whose headquarters are based in the city.
Makati also houses numerous foreign chambers including the American Chamber of Commerce, Italian Chamber of Commerce, and the Israeli Chamber of Commerce of the Philippines. Various embassies also abound in the area, such as the Canadian and Royal Belgian embassies. Makati is also home to Ayala Avenue, one of the country's cornerstones for economic progress.
Ayala Avenue runs across the heart of the central business district. Along Ayala Avenue lies one of the Philippine Stock Exchange towers, along with numerous high-rise buildings that house the Philippines' biggest companies.
Other than private offices inside serviced offices, Ayala Avenue's office buildings also contain flexible workspaces with coworking areas.
Real estate consultancy firm KMC Savills recorded an overall positive market performance for the Makati CBD in 1Q/2018. Net absorption in the district recovered because of improved vacancy rates, from 2.5% in 4Q/2017 to 2.1% in this quarter despite having no new supply.
Average rents also increased this quarter - fromPHP 1,047.2 per sq m / month to 1,060.2 per sq m / month after growth accelerated to 3.2% YoY.
Vacancies remained tight during the quarter, but an incoming supply of 53,800 sq m in the coming quarters of 2018 should ease submarket conditions. Despite this, the vacancy rate in the Makati CBD is still expected to be one of the lowest among all the submarkets.
We know Makati better than anyone, considering how we have private offices along Ayala Avenue. We've explored and investigated every building with units that have available office spaces for lease, and we can assist you in finding the ideal workspace in Makati. For all of your inquiries, contact us today.
Contact KMC MAG Group for Makati