More property investors are including Office for lease 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 Office asset in the Metro Manila property market.
One of the most popular locations for excellent Office investments is Pasig. Through the years, the area has seen various developments, raising the value of Office for lease 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, Pasig is dotted with modern infrastructure. New public transportation and road networks have been launched in Ortigas CBD in the past few years, contributing to the increased demand for properties, especially Office for lease. The increased accessibility and convenience attract companies, as it translates to better operations and trade in 2022.
The influx of developments and businesses in Pasig complemented the rise of modern residential communities in the area. Businesses renting a Office property in the area see this as an advantage, as employees are able to find housing near the workplace. By investing in Pasig 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 Pasig. Buying a Office now will be a wise financial move. Consider the previous quarter growth rate in determining how your investment will appreciate in the future.
As you scout for the ideal Office property investment, take note that it comes in different types: office, retail, and industrial. Watch closely the supply and demand movements in Pasig to know which are performing better than the others. In general, however, Office for lease located near transport links in Ortigas CBD, 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 Office tenants as well.
Aside from the specific location in Pasig, consider the amenities available in the Office property you’re buying. Tenants look for value-adding features when setting up operations in Pasig.
Typically, Office office spaces have cafeterias, function rooms, business center, executive dining areas, and fitness centers. On the other hand, most industrial spaces in Pasig are equipped with power and water lines, as well as sewage collection, treatment, and disposal systems. Invest in a Office 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 Office for lease registered with the Philippine Economic Zone Authority (PEZA). Tenants prefer these properties because of the fiscal incentives.
Ortigas CBD, Pasig