Not all businesses have the privilege to rent an office, especially if they are just starting. Just like common people who decided to migrate to a new place, renting would be their first (and sometimes only) option. But in business, renting an office especially in business districts in the Philippines like Makati, Bonifacio Global City, Eastwood or Ortigas Center could cost an arm and a leg. And that’s where Seat Leasing Service — a cheaper but a better alternative for businesses, enters the picture.
Seat Leasing Service, aka Seat Rental, is defined as a service where the lessor allows the [starting] companies to rent a seat at their [rented] office. Lessees are mostly customer service, business analysts, inbound and outbound marketing, virtual assistants, web and graphic designers, web developers, mobile app developers who are looking for coworking space to lessen their costs. These companies will be provided a space or seat with a table, PC, and other amenities and features depending on the agreed package and terms.
With numerous business districts and developing areas in the Philippines, Ortigas Center is rapidly rising to the top choices of best places for seat leasing service of businessmen, foreign companies, investors and business developers. Here’s why:
Ortigas Center is located at the center of the metro. It is in the middle of three major cities, namely Quezon City, Mandaluyong City, and Pasig City. Also, it is accessible to other major business districts like Makati and Taguig with approximately 30 minutes of travel time. Any businessmen know the importance of positioning and proximity to their business.
Also, it is near to everything since it has malls, residential areas, schools, and multinational and transnational corporations, establishments and such. Employers and employees will have an easy time living and working here.
Let’s get to the figures. The estimated land area of Ortigas Center is 100 hectares and a 2% vacancy rate. As of the first quarter of 2019, the average land value is P 306, 000 per sqm and there will be 522, 000 sqm office space supply by 2021.
3. Diversity of Industries
Colliers International, a real estate company, reported early this year that the office demand in Ortigas Center is diversified. Various companies from outsourcing, insurance, engineering, etc have taken up space over the past year. The report concluded that this is a good indication that Ortigas Center is indeed a viable area for flexible workspace operations.
4. Shorter Travel Time
Transportation will be easier since infrastructure projects like the Bonifacio Global City-Ortigas Center Link Road Project. This is expected to decrease the travel time from 30 to 12 minutes. This will be crucial in the accessibility to other neighboring business districts.
Ortigas Center is undoubtedly one of the most important business districts in the Philippines. With diverse industries in the district, it is indeed ideal for starters especially to those who want top-notch shared service facilities in a more professional and globally competitive business environment.