The City of Parañaque is the 11th city in Metro Manila, chartered and urbanized by Former President Fidel V. Ramos on February 15, 1998. With a total land area of 47.7 square kilometers, Parañaque City was envisioned to accommodate residential, commercial, and industrial establishments with private offices inside serviced offices, and coworking space in these buildings.
Parañaque private office spaces and flexible workspaces are available in our extensive portfolio of office space options in Metro Manila. We at KMC intensively study our clients' office requirements, ensuring that every step of the process in getting an office area is completely handled. We also have the largest network of private offices in the country, ensuring that we've got the space to fit any company's needs.
Parañaque houses a diverse mix of residential establishments, from ancestral homes and posh villages to boarding homes and condominiums for rent at affordable rates. The entire stretch of land, save for occasional vacant plots, is occupied by shops, banks, offices, supermarkets, restaurants, schools, service stations, and all other types of establishments.
Beyond the luxurious Barangays of B.F. Homes and Don Bosco, Parañaque is also an industrial hub. The city's many factories can be found in the Southern and Eastern Barangays of San Antonio, B.F. Homes, Sun Valley, Marcelo Green, Merville, and San Martin de Porres. These areas are Parañaque's industrial centers, as well as the corporate headquarters of numerous local and international companies such as Generika, PHLPost, Air21, and ABB.
KMC Savills, an award-winning real estate consultancy firm, released a comprehensive report on the Metro Manila office space market for 4Q/2017. In the report, Parañaque falls under the "Bay Area" category, along with Manila and Pasay City. The findings for the Bay Area were generally positive, with 214,200 sq m of additional gross leasable area (GLA), potentially leading to more serviced offices and coworking space in flexible office spaces.
The vacancy rate in the Bay Area also remained low at 3.9% by the end of the year, fueled by a more diverse occupier market. The Bay Area also had the highest rental growth among submarkets in 4Q/2017 at 6.4% YoY. Forecasts for 2018 also show that around 140,600 sq m of new office space is expected to come online from various developers in the Bay Area. Meanwhile, vacancies are expected to remain in single-digits at around 8.4% as demand is foreseen to be sustained by the POGO sector.
Contact us today for any inquiries you may have regarding private spaces for rent in Parañaque.
Contact KMC MAG Group for Paranaque