To free up capital for other aspects of businesses, most enterprises choose a Land for rent when establishing operations. The monthly fee in lease agreements is significantly lower than the price of purchasing a property, which is a huge benefit, especially for businesses setting up shop in sought-after locations, such as Pasig. In 2022, where land values are soaring, renting proves to be a wise financial decision for many businesses.
A Land lease agreement makes practical sense as well, allowing businesses in Pasig to relocate when operations and needs change, say, during expansion or downsizing. Compared to mortgage terms, rental contracts are more flexible, an advantage businesses need in 2022.
From retail and food to banking and manufacturing, different kinds of industries enter into Land lease agreements. In Ortigas CBD, the central business districts and special economic zones are the go-to destinations for the best Land properties for rent.
These communities are often located near infrastructure projects and modern public transportation and road networks, making trade and mobility more convenient, a must-have for businesses in Ortigas CBD keeping up with market demands. By renting a Land in these communities, you’ll be near airports, seaports, and important expressways.
Aside from new infrastructure, essential establishments are easily reachable from the business parks and economic zones in Pasig. This includes shopping malls, hospitals, and government offices, which are notably crucial for businesses renting a Land.
Commercial and industrial tenants benefit from Land lease agreements, especially when the current prices are considered. The current median price is a considerable change from the numbers posted at the previous quarter. Businesses that are trying to secure more funds to support operations save more with a rental Land.
As you search through the 4 available lots for rent in Pasig, consider the right property size, matching your business needs. Commercial and industrial assets in Pasig can range from 500 to 10,000 square meters.
Furthermore, average prices for a rental Land in Pasig are at ₱ 376,250 . Of course, this depends on the size of the Land, its location, and if there are existing structures in the property. For agricultural lots, those that come with fruit-bearing trees may be priced higher.
In addition, take into account the utilities and services available around the Land. At the very least, the business area in Pasig you choose must have a stable power and water supply, 24/7 security, a wide road network, and an efficient sewage collection, treatment, and disposal system. By investing in a Land that has these features, you can get the best value for your money, maximizing the average price per square meter. You can further increase financial gains by choosing a Land for rent registered at the Philippine Economic Zone Authority (PEZA) and receiving tax incentives.
As a tenant, it’s your responsibility to understand well the terms of the Land lease agreement. Whether it be commercial or industrial property in Pasig, your rental contract must be clear about certain conditions. This includes the rental fee and increases, required deposit, the party responsible for the property maintenance costs, termination rights, and the length of lease, among others. To avoid costly and bitter disputes with the landlord in the future, consult a legal professional when reviewing the Pasig Land lease agreement.