Tired of Condo investing? Ortigas and Company offers office space for sale in new mixed used project.
The Metro Manila office market has seen an increase in vacancies after the completion of 182,900 sq m of additional office space. In KMC Savills' 3Q/2018 Office Briefing, the vacancy rate is pegged at 3.7% of the total stock and is expected to balloon to 5.0% by yearend.
Metro Manila expects a total of 332,200 sq m of office space in 4Q/2018. Bonifacio Global City still carries the bulk of the new supply at 81,200 sq m in 3Q/2018, closely followed by the newly-revived Ortigas Center with 43,300 sq m of additional space.
Office market forecast demand net take up for Ortigas Center Q1 2019 reached up to 36k sqm with 14% pre leasing status the supply forecasted incoming supply in Ortigas Center and fringe of 260k sqm of office in 2019 a 38% decrease in the upcoming office supply by 2021 is also expected due to lack of developable land with major CBD's while the rental rate in Ortigas Center increased up to Php 950 per sqm per month as of 1st quarter of 2019. Ortigas still remaining as the cheapest option in terms of lease rates, making it an enticing option for prospective client.
Office Space For Sale
(Pre-Selling 4Q 2023)
SOON TO LAUNCH
Ortigas East along C5 Pasig City.
Ortigas Center across ADB