PH’s Quezon City to be a “competitive property market” in the next few years
Quezon City — one of the Philippines’ major cities — is projected to become a competitive property market in the next few years with all the infrastructures built around it.
According to global real estate consultant Colliers, the considerable land area and market size of the area present various business opportunities for prospective investors.
Colliers Director of Office Services–Landlord Representation Maricris Sarino-Joson elaborated, Quezon City is one of the office submarkets where office vacancy eased in the second quarter of 2022. This signals a gradual recovery of its office sector.
She added that the city has almost 500,000 square meters of office supply for completion between 2023 and 2026.
Colliers also pointed out that the government’s transport infrastructure strategy is set to benefit Quezon City immensely. While it is currently served by MRT Lines 2 and 3, the gov’t is also setting up MRT Line 7 and the Metro Manila Subway within the area.
One of the firms taking advantage of this information is real estate giant Filinvest. Just recently, the firm launched its 24-story office development called Studio 7 in Quezon City,
The LEED Silver-certified building offers advanced spaces for Business Process Outsourcing (BPO) firms and traditional corporate occupiers looking to benefit from the city’s rapidly developing business environment and infrastructures.
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