Why should an investor choose a commercial space for rent in Quezon City amongst all other cities in the Philippine capital?
Widely known as a comprehensive lifestyle location, Quezon City has something for everyone. As the country’s most populated city, it continues to be the chosen home of a large student body, labor force, and even newly wed couples and starting families. Beyond its residents, it is frequented by thousands of visitors every day, while its most visited places are its large shopping malls, mixed-use townships, public parks and green spaces.
QC—as the city is colloquially known—is the location of several business districts. These serve as the site of numerous media conglomerates, Information Technology (IT) and Business Process Outsourcing (BPO) firms, and numerous retail facilities. The city is also the setting of some of the Philippines’ most recognized universities and specialty schools, such as the University of the Philippines and Ateneo de Manila University.
As the former capital, the city also hosts a number of national government offices, including the Batasang Pambansa (home to the Philippine Congress’ House of Representatives), the Office of the Ombudsman, and many others. Hospitals are also abound in QC, especially specialty tertiary hospital, such as the Philippine Heart Center, the Lung Center of the Philippines, the National Kidney and Transplant Institute, and the Philippine Children’s Medical Center.
With everything necessary for the utmost in urban living within reasonable reach, it is easy to understand why QC is one of the Philippines’ most livable cities. Investors and entrepreneurs similarly continue to conduct business in the city because of its huge population, and because any operational requirements can more or less be met within the locale.
The largest in terms of land area in Metro Manila, the city’s size has allowed for a number of options to be available for those looking for a space for rent in Quezon City. These include warehouses, storefronts, retail spaces inside glass-walled shopping malls, and anything between singular office spaces to entire office buildings. Also an area with plenty of residential developments, properties that double as both residential and commercial properties are also available for lease in QC.
Quezon City is unquestionably one of the key economic centers in the Philippines, making it one of the most in-demand places to establish a business or hold office. Commercial properties for rent in Quezon City are a little bit costlier compared to other areas like Marikina, Valenzuela, or Caloocan, although QC offers much cheaper commercial real estate than Makati, Taguig, Mandaluyong, or Pasig where most of the local offices of multinational corporations are located. However, renting here is still naturally the more affordable alternative. A property for lease also provides businesses with the flexibility they would require should a change in location be in order.
There are a variety of commercial real estate for rent in Quezon City. As with any city in Metro Manila, there are certain areas within that are quite popular when it comes to business space, due to them being served by major transportation infrastructure and busy thoroughfares. Among these areas include the following:
The city is also home to several upcoming mixed-use townships, which when completed, will further push up QC’s commercial offerings. These include Vertis North in the North Triangle Area, Avida Cloverleaf in Balintawak, and Eton Centris at the corner of EDSA and Quezon Avenue. These projects are expected to include QC’s retail and office spaces, most of which will cater to the city’s booming BPO industry.
Fees for commercial properties in these areas range from as low as PHP 12,000 per month to as much as much as a couple of millions, depending on the type and size of the space, including but not limited to warehouses, offices, retail facilities, vacant lots, and showrooms.