While cities like Quezon City, Taguig, and Davao steadily emerged as very viable commercial and financial locations in the Philippines, the city of Makati continues to serve as the country’s most recognized economic center.
Once the location of Nielsen Field, the very first airport in the country, Makati is now most recognized for being the Philippine home of some of the most notable businesses in the world. Ayala Avenue, its business and financial core, is most synonymous with the city, and it is where the head offices of very well-known corporations can be found. These include Asia Brewery Incorporated, Procter & Gamble Philippines, and Pfizer, Inc., among others.
Although the abundance of career opportunities in itself would be enough to have one consider a condo for rent in Makati, there is more to the city than the opportunities that come with the different companies and businesses. Like the rest of Metro Manila, it has plenty to offer in terms of education, entertainment, healthcare, and leisure.
The city has various commercial centers, which is frequented by many living in and out of the city. These include Glorietta Mall, Greenbelt Mall, A. Venue Mall, and the Power Plant Mall. Makati is also the location of a number of noteworthy museums, such as the Ayala Museum, Museo ng Makati, and the Yuchengco Museum.
There are countless educational facilities in the city as well. Apart from some of the country’s foremost primary and secondary schools, the city is also home to specialty schools like the Asian Institute of Management, Mapua Institute of Technology, and the Ateneo Professional Schools.
When in the city, one would immediately recognize that Makati is the epitome of a highly urbanized locale with plenty of diversity and opportunities. The city is not left wanting when it comes to residential properties and developments situated in or near key commercial districts. Like in many metropolitan areas, one of the best and more affordable ways to make the most of living here is to opt for condos for rent in Makati.
Condominiums in the city are roughly classified as those found within the central business district (Salcedo Village and Legaspi Village), Rockwell Center, and Century City, and those scattered across the city’s more affordable areas. Whether for a single occupant or for an entire family, there is definitely a condo unit for rent in Makati suitable for every budget. Monthly rent in places like the Central Business District and Rockwell Center can range from PHP 800 to PHP 1,000 per square meter. A 62 square meter two-bedroom unit would therefore cost around PHP 49,600 to PHP 62,000.
However, there are also flats that are just a stone’s throw away from these areas that are more affordable. Areas like the Chino Roces Avenue area have units that have monthly rental rates of PHP 600 to PHP 700 per square meter. Cheaper options are also available in areas like San Antonio Village, Barangay Poblacion, Guadalupe Viejo, Guadalupe Nuevo, and Pio Del Pilar. In addition, the area along Malugay Street north of Ayala Avenue is touted to become a real estate hotspot soon with a number of high-profile condo projects from the country’s largest real estate developers currently under construction.
What more can you ask for when it comes to a condo for rent? Makati is the country’s most commercially viable location, and although it comparatively has less available land than other areas, the city continues to be in the forefront when it comes to commercial and residential development in the Philippines.
The city’s skyline continues to be redefined. Those moving into a Makati condo for rent are able to look forward to new and different options being available as more and more residential towers continue to rise in the city, and provide a number of convenient and viable options to buyers and renters alike.
Places of interest in Makati include Circuit Makati, an up-and-coming mixed-use development located on the former Sta. Ana race track, where a number of new residential and office towers will be launched steadily over the course of the next several years.
While these areas would expectedly have costlier rental rates dues to their having new developments with close proximity to a similarly new lifestyle locations, their rise also makes for prices becoming just a little more favorable for a condo for rent. Makati overall, bodes well for its future and current residents.