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 for rent 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 for rent inside serviced offices, Ayala Avenue's office buildings also contain coworking areas.
Real estate consultancy firm KMC Savills recorded an overall positive market performance for the Makati CBD in 2Q/2018. In the last few months, market absorption has been relatively slow for certain key buildings in the premium business district. Coupled with the increasing number of contract expirations, the vacancy rate increased to 2.3% in 2Q/2018 from 2.1% in the previous quarter.
Despite the increase in vacancies, rents in Makati CBD rose by an impressive 4.5% YoY, closing the quarter at Php 1,084.4 per sq m / month.
In the second half of 2018, the premier CBD is expected to welcome around 53,000 sq m of new office space from the first tower of the Ayala North Exchange and NEX Tower. Vacancies are expected to rise during the next quarters and may hamper rental growth in 2019.
We know Makati better than anyone, considering how we have private offices for rent along Ayala Avenue and worked in the district for a long time. 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