More property investors are including Commercial for Buy in their real estate portfolio because of the high returns it provides. Moreover, they enjoy a shared vision with their tenants, which help them improve their business further. Retail tenants, for instance, strive to maintain the aesthetic appeal of their stores, while companies keep the professional look and feel of their offices, raising the competitive advantage of the Commercial asset in the Metro Manila property market.
One of the most popular locations for excellent Commercial investments is Quezon City, with 8 available commercial spaces in the market. The area has seen various developments through the years, raising the value of Commercial for Buy properties and stimulating real estate appetite.
In 2022, it hosts top-notch establishments, from academic and medical institutions to retail centers. The rise of these modern facilities played a role in the appreciation of property values. Aside from modern conveniences, Quezon City is dotted with modern infrastructure. New public transportation and road networks have been launched in New Manila in the past few years, contributing to the increased demand for properties, especially a Commercial for Buy. The increased accessibility and convenience attract companies, as it translates to better operations and trade in 2022.
The influx of developments and businesses in Quezon City complemented the rise of modern residential communities in the area. Businesses renting a Commercial property in the area see this as an advantage, as employees are able to find housing near the workplace. By investing in New Manila, Quezon City in 2022, you can tap this growing real estate demand.
Property values will go up in the next few years as more developments pop up in Quezon City. That said, buying a Commercial now will be a wise financial move. Make sure to check and consider the previous quarter’s growth rate in determining how your investment will appreciate in the future.
As you scout for the ideal Commercial property investment, take note that it comes in different types: office, retail, and industrial. Watch the supply and demand movements closely in Quezon City to know which are performing better than the others. In general, however, Commercial for Buy located near transport links in New Manila, namely roads and expressways, trains, airports, and seaports, tend to have low vacancy rates and therefore provide excellent returns. Those that are in close proximity to essential establishments are popular among Commercial tenants as well.
Aside from the specific location in Quezon City, consider the amenities available in the Commercial property you’re buying. Tenants look for value-adding features when setting up operations in Quezon City.
Typically, Commercial office spaces have cafeterias, function rooms, business centers, executive dining areas, and fitness centers. On the other hand, most industrial spaces in Quezon City are equipped with power and water lines, as well as sewage collection, treatment, and disposal systems. Invest in a Commercial property with these features and take advantage of the current price before it appreciates in a few years.
Another way to make sure that your investment will provide excellent returns is to choose a Commercial for Buy registered with the Philippine Economic Zone Authority (PEZA). Tenants prefer these properties because of the fiscal incentives.