When it comes to establishing one’s business, location plays a vital role in influencing your business's operational costs and potential income. In the Philippines, one of the most business-friendly places is Manila, the country’s capital. It is the center of commerce, finance, retail, transport, real estate, tourism, and arts in the country, with an average of 60,000 establishments currently in operation. Since 2015, the National Competitiveness Council of the Philippines considers Manila as one of the consistent top cities in the country to live in and conduct business, as reflected in their Cities and Municipalities Competitiveness Index (CMCI).
Districts such as Binondo, Divisoria, Roxas Boulevard are some of Manila's areas where all sorts of businesses are located. But with the ever-growing number of people living, studying, and working here, any district in the city is an ideal location for renting a commercial space for rent in Manila, Metro Manila.
Manila is home to numerous residential, commercial, educational, medical, and recreational developments and establishments. These places are where your potential customers may come from. Aside from residents, many Chinese, Americans, Spaniards, and Koreans live in Manila, making it one of the country's most ethnically diverse cities. Here are some condominium projects in Manila where you can get your potential clients, customers, or employees:
If your target market is students, note that some of the many universities in the city include:
You can rent a 3,170-square-meter commercial building in Malate for PhP 2,400,000 a month. If this is too big for your needs, you can lease half of the building to cut down the rental fee cost.
Office spaces for rent are more common in Manila. Depending on the area's size and overall condition, you can rent a 30-square-meter office space for PhP 10,000 or a 2500-square-meter, fully-furnished office building for PhP 1,500,000 a month.
The cost of operating a business in Manila is more affordable compared to Makati and Ortigas. With people coming from all walks of life, you can be sure that your products and services will be accessible to your target market.
Commercial spaces for rent in Manila, Metro Manila are quite accessible, with trains, buses, jeepneys, taxis, UV Express vans, FXs, and pedicabs available in the area 24/7.
There is no limit to the options available for business and investment opportunities to try out in Manila. Some options to try include co-working spaces, restaurants, photocopy and offset print shops, tutorial schools, retail stores, spa, and self-service laundromat.
If you are a seasoned investor, you can purchase a commercial building and lease the spaces in that building to earn steady, passive income.
How much does it cost to buy commercial properties for sale in Manila, Metro Manila?
Depending on the location and property type, commercial properties for sale in Manila can cost anywhere from PhP 34,000,000 to PhP 2,000,000,000.
Are there commercial properties for rent in Binondo, Manila?
Yes. These commercial properties may be in the form of office or commercial space. Rental fees range from PhP 60,000 to PhP 1,050,000 per month.
Are there lots for sale in Manila, Metro Manila?
Yes. There are over 100 land properties available for purchase in Manila. The prices of these lots range from PhP 13,500,000 to PhP 1,200,000,000.