Real Estate Trends: More Companies Choose Bonifacio Global City Office Spaces

Factors that Drive Demand for BGC Office Space

Buildings have the backup power

and redundancy that BPOs need:

Most BPO companies need to have

24/7 operations and having no

electricity and active systems in just

a few hours can cost the firm

thousands of dollars.

Factors that Drive Demand for BGC Office Space

Convenient location that's close

to other major CBDs: Bonifacio

Global City is close to Makati (via

EDSA and Ayala Ave) and Ortigas

(via C-5).

Factors that Drive Demand for BGC Office Space

Slightly lower rental rates

compared to Makati: The average

asking rental rates for Grade A

buildings is at Php 708/sqm to Php

1,000/sqm while seats in serviced

offices is at Php 18,500/seat to Php

20,000/seat. In Makati, while

Makati rates are at Php1,027/sqm

to Php1,200/sqm.

Factors that Drive Demand for BGC Office Space

High vacancy rate: BGC has more

available space for rent or lease

and sale compared to Makati since

most buildings are still in

development. Stocks, however, are

quickly declining due to high

demand in the area.

Factors that Drive Demand for BGC Office Space

Newer stocks: Currently, BGC has a

stock of 650,000 sqms with 140,000

sqms of buildings in the pipeline. Most

of these stocks are new buildings

completed in the last 5 years. More

buildings are expected to increase

available stock such as SM Aura Office

Tower, RCBC Savings Bank Corporate

Center, Ecotower, and W Fifth Avenue

which will be turned over by the end of

2013.

For more information about Bonifacio Global City Office Space, contact KMC MAG Group.