Latest Post
Makati Office Rental Rates Expected to Grow by 6% in 2012
International Real Estate Consultants, Colliers International predict rental rates of Premium Offices in Makati will grow by at least 6% within 2012.
Premium rental rates in the Makati CBD consistently increased quarter-on-quarter (QoQ) by 2.8% to about P875 per sq m on average. This is projected to grow by 6% over the next twelve months and will exceed the P900 per sq m level last seen in early 2007. Meanwhile, both Grade A and B rents grew marginally by 0.22 and 0.42% to p698 per sq m and p483 per sq m, respectively. Running at an average of p720 per sq m, Grade A rental rates in Bonifacio Global City have continuously surpassed that of Makati since 2Q 2011. While most firms remain wedded to Makati mainly due to familiarity and brand, Grade A rents are expected to grow by 7.5% in 1Q 2013 and will eventually level off to that of BGC at p750 per sq m.
Featured Articles
International Real Estate Consultants, Colliers International predict rental rates of Premium Offices in Makati will grow by at least 6% within 2012.
Premium rental rates in the Makati CBD consistently increased quarter-on-quarter (QoQ) by 2.8% to about P875 per sq m on average. This is projected to grow by 6% over the next twelve months and will exceed the P900 per sq m level last seen in early 2007. Meanwhile, both Grade A and B rents grew marginally by 0.22 and 0.42% to p698 per sq m and p483 per sq m, respectively. Running at an average of p720 per sq m, Grade A rental rates in Bonifacio Global City have continuously surpassed that of Makati since 2Q 2011. While most firms remain wedded to Makati mainly due to familiarity and brand, Grade A rents are expected to grow by 7.5% in 1Q 2013 and will eventually level off to that of BGC at p750 per sq m.
News and Information
- PREF 2012 will be recorded as another growth year for the country's property sector as the Philippine Real Estate Festival (PREF) celebrates its sixth year in providing the ultimate venue for property development and networking. PREF 2012 marks this year's event with the theme, "Philippine Real Estate Opportunities for Foreign and Local Investors", highlighting the various media that Filipinos and foreigners alike can participate in the growing property sector. The 3-day event will be held at the World Trade Center in Pasay City on July 26-28, 2012. More Information: http://www.pref-events.com/pref2012.html #
Insight Property Markets Corporation
Insight is a professional property firm dedicated to providing the Philippine real estate investor with the necessary tools to intelligently act on his real estate related needs. Proficient in the numerous transactions accompanying any real estate related business in the Philippines, insight has accumulated unprecedented wealth in knowledge, contacts, expertise and experience through 20 years of practicing real estate in the Philippines and the rest of South East Asia.