Exploring Business Locations in the Philippine Property Market

Location is critical to business operations. A great place can attract customers and clients. It perfectly displays products and services. It is accessible to the brand target market, partners, and staff. Considering the hundreds of new developments in the country, it can be a challenge to select a favorable location for an office or a shop.

Settling on the best workplace is imperative. The right business location in a property market adds to the business’ overall growth. Think of the structure of the building and the impact of the area on daily operations. These are the factors to consider when thinking of a business location.

Market Overview

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The Philippine Property Market is a growing industry. The country’s consistent macroeconomic policies and high levels of consumption make it one of the strongest performers in Asia’s economies. It’s real estate market regarding office retail, residential, and industrial sectors are expanding. According to Rick Santos, Chairman and CEO of Santos-Knight Frank (SKF), the investment inflow of 2017 created a positive ripple effect across the property sector. The market will perform even better once the government infrastructure projects are in full swing to create a conducive business environment.

Despite the optimism, vacancy in Metro Manila increased by 5 percent during the third quarter of the year 2017 due to the large volume of the additional stock. This is good news for startups and business owners looking for a place to settle. They can choose from the establishments and facilities of high-quality developments in the country.

Customer and Talent Proximity

Dwellers and opportunity-seekers of the North can choose from office spaces in Quezon City. Meanwhile, entrepreneurs and passionate muses can venture into leasing a working area in Makati City. Consider these offices below to discover what the Philippine real estate market has to offer when it comes to office spaces.

1. U.P. Ayala Land Technohub

Referred to as ‘Technohub,’ it is in the center of the country’s premier university for bright young minds. The development comes with facilities and amenities required by a firm drabbling in technology or science. It has a Tech Portal and a Retail Plaza.

2. U.P. Town Center Corporate Center

The expanse of the PEZA-certified office facility lies on Katipunan Avenue. It is part of the University Belt and located within Ayala’s shopping mall. It has access to several retail brands, popular restaurants, and services for workers and residents in the community.

3. Vertis North Corporate Center

The Corporate Center is the latest addition to the office centers in Quezon City. It is part of a community with mixed-use residences, hotel, and entertainment areas. Shops at Vertis North are available at near public transportation for the working class of the North.

4. 6750 Ayala Avenue

Those who value elegance, sophistication, and visibility can fit right in the topnotch office location of Makati. The 6750 building is right beside the highly-rated bistros, luxury boutiques, and serviced apartments. It complements the cosmopolitan lifestyle of the city through its serviced and virtual offices and meeting room facilities.

5. McKinley Exchange Corporate Center

The towering office stands in the corner of EDSA and McKinley Road in Makati City. Though not within the vicinity of Makati Central Business District (CBD), it still has direct access to the MRT station, bus stops, jeepney and shuttle terminals. Conducting business in the area makes it visible to thousands of passengers passing Epifanio de los Santos Avenue (EDSA).

6. Solaris One

The prime property along Dela Rosa Street is BPO-ready. It comes with high-end facilities, centralized chilled water system, high-speed large-capacity elevators, and above- grounds parking lots. It is close to the retail and dining establishments of People Support Center and Convergys One.

These office and retail spaces are in the busy areas of each city. They are close to potential buyers and highly-accessible through different modes of transportation. The hassle-free travel attracts customers and clients to the business. The same goes for promising talents. The short distance and travel time improves their productivity. Employees can provide high-quality work when they have good health and are in the excellent working environment.

Expandability and Equipment

The office space must not only focus on the present. It must also lean into the future. Business will grow and expand in the future. The office must be able to accommodate all the equipment, furniture, and staff it takes in overtime. It is also necessary to have space intended for clients. A room for meeting and transactions makes them comfortable and feel welcomed. At the same time, the location of the business must have ample parking space.

It is a must for a firm to have ample space for their equipment for production and provision of service. Apparatus and machinery must spread out in various rooms to avoid looking cluttered. The working area won’t appear unpleasant when supplies are in their proper places.

Monetary Inclusion

Never invest in office space when you don’t have enough budget for it. Spending beyond financial limits causes financial troubles later on. Ensure lease payments and other expenses fits budget without compromising its quality. There are hundreds to thousands of office spaces available in the Philippines to become the home of a startup or business organization.

The real estate sector of the Philippines continues to exhibit growth as more infrastructure projects are on its way. The demand for mobility, flexibility, and connectivity from freelancers will shape the future office launches in the country. Developers continue to seek opportunity in and out of Manila to supply the need of increasing occupancy rate from various sectors.

 

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Send Me Your Location: Office and Start-Up Version

Location is crucial for businesses.

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It helps customers and clients identify the headquarters. It gives employees a conducive space to generate ideas, innovate and work on their projects. Most of all, it provides a solid ground for your brand.

The locations serve as the shelter for the business. It houses your assets – equipment, supplies, and goods. A small shop or a spurring start-up can function without one. However, a growing enterprise needs space for daily operations. As your business gains more employees, equipment, and pieces of furniture, it requires a working area for all of these things.

The Right Working Space

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Choosing the right office space depends on your company’s needs. You can go for the traditional set-up – typical rented or leased spaces. You can occupy a unit or the whole floor. This type of set up can be costly and increase monthly expenses.

There’s an alternative for companies starting out. They can go for coworking spaces to reduce their annual fees on rent and increase income. A coworking space like a serviced office Makati allows employees from different companies to work in peace. The ambiance is relaxed and employs an open-floor plan.

Finding the right office location comes with finding a suitable working space. Surveying by asking the needs of your employees, considering your priorities, and positioning your business near the target market are some ways to help you spot the right location.

Coworking Spaces vs. Normal Spaces

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As small businesses favor collaboration over competition, shared working spaces become the trend in the industry. Gone are the days when a building is dedicated to one establishment. Moreover, there’s a limit to cubicles and cubbies. Extended sofas and long couches are welcome in the office. Identifying the difference between standard and coworking spaces helps you decide which office space fits the bill. Below are some of the concepts behind shared working spaces.

1. Open-floor plans encourage interaction.

Start-ups embrace the casual and informal. A modern working space can be a large open floor plan in a high-rise building. It can also occupy several floors in a renovated warehouse. The lack of physical barriers such as walls, cubicles, and dividers draws people together. Brainstorming sessions, a quick chat, and other social interactions allow people to converge. Convergence helps sort out problems and come up with innovative solutions. The effect increases overall creativity and productivity.

2. The office becomes an avenue for networking.

A coworking office has a charged environment. Ideas continuously bounce between professionals even when they aren’t in the same industry or working field. As long as they have a similar nature, they can discover new schemes relevant to the playing field, acknowledge a different set of skills, or find a collaborative venture. A working setup that’s open to people from various industries allows them to target market other than existing ones.

3. Coworking spaces build communities.

The freedom to network and build lasting connections promotes communities. Shared interests and similar values bolster camaraderie. The casual set-up takes the pressure off networking while retaining the professional stance. Hence, people become comfortable working on their own or with a colleague by their side. Communal working areas strengthen the bond between organizations.

4. The set-up reduces operational costs.

When a company subscribes to communal spaces, it taps to others to share the rent or lease expense. The strategy is a win-win for both enterprises. Both companies reap the rewards of coworking environment while working on their individual goals and targets. The coworking space won’t become a place for seclusion. It becomes a place where everyone can use the resources that won’t limit their capacity when working on a project.

These are the backbone of the coworking space concept. It only gives the overview of the office set-up and doesn’t include the full picture of working in one. It tackles the interior of an office location since it is vital to the company. Though safety and precaution are necessary to the reputation of each establishment, having the right set-up still on the same level as those factors.

With that in mind, you can bring the best office experience to the table when you maximize the potential of your space. This year brings new exciting trends to office space interior design as it considers the role of employees’ lifestyle changes and self-improvement. Furthermore, enticing interiors are companies’ ploy to lure the best talents and clients. It becomes a factor to optimize performance without sacrificing the perfect office location. Below are some of the 2018 office management trends that would circulate the corporate environment.

  • There will be a community manager.

It helps when there’s an administrator to tie loose networking connections in coworking space. The community manager helps business from various industries to connect and work alongside each other when needed. It enables companies to team up through referral or other forms of networking function. The result increases the value of the office location and furthers the growth of the industry.

  • Workspaces are flexible.

Besides working hours, office spaces are now into flexible arrangements. Some companies embrace unassigned seating and resimercial design on the production floor. On top of that, there are different conference rooms for casual and formal meetings.

  • The one-size-fits-all is dead.

As stated above, every organization has different needs and requirements. Thus, the design of the working is must not be about whether it’s a closed vs. open plan office. The office area must support leadership goals of the organization before anything else. Hence, it must take note of the organization’s unique requirements to optimize employee performance.

  • Women will take over leadership positions.

The number of female employees in an organization will rise as the cultural shifts occur in societies. As companies tap into the potential of women to lead and execute powerful business strategies, the company expands into various proportions. Consequently, exploring the pool of female talents is a great avenue to differentiate your practices from the norm.

Office location, set up and management is the triad of a thriving office environment. A great business location isn’t because you’re in Paseo de Roxas or McKinley Hill. It also considers the workspace layout and administration.

Though start-ups have limited net income, going for coworking spaces just might save the day. Going to a communal working area won’t be bad once the organization sends their location to focus on communicating their brand.

Styling Modern Offices 101: How to Choose the Right Office Furniture Pieces

Perhaps, you have entered into an office, and the first thing you notice is how disjointed the pieces of furniture are. You are not alone. The problem is most offices—whether a small office space for rent in Quezon City or an uber post office in Makati—order their own furniture pieces without considering these things: what furniture will look good in it and how each piece will complement one another.

Don’t be like one of these offices. Strive to be different. Here are the secrets to choosing the right pieces of furniture for your office.

Tips to styling a modern office

1) Think of the office furniture as the extension of your branding.

When choosing office furniture, always remember that each piece will represent the company’s values, goals, and ideals. Even if you don’t hire an interior decorator, your office should be a standout style-wise. This means that the furniture pieces must be selected carefully based on their pre-planned positions.

Also, you need to consider other things in the office like the colors of the walls and ceiling and the decorations, if there are any. Remember that we are not talking about the quantity of the office furniture, but rather the quality of each furniture piece.

2) Do not sacrifice style and quality.

Some offices prefer modern furniture pieces. However, this does not mean metal and plastic. If you want a blend of classic and modern, wooden office furniture is the best choice. There are softwoods and hardwoods, and some are eco-designed. Wood symbolizes not just class and quality, but also professionalism, creating an impression that you mean serious business.

Handcrafted wooden office furniture including wooden desks, chairs, shelves, and drawers enhance the elegance of any office. Aside from offering a visual treat, wooden furniture also revitalizes the staff.

3) Think of who the users will be.

As a business owner or office manager, your goal is to make the site as conducive as possible where workers enjoy and even look forward to working with every day. Although there may be challenges in achieving these things especially the latter, it is the management’s responsibility to ensure that the needs and expectations of the workforce are met.

During office makeovers, it is practical to solicit opinions from the staff before purchasing the furniture. Such approach allows the staff in putting personal touches on the entire workplace where they stay most of the day. Just make sure that there will be a consensus on the most appropriate office furniture based on the peculiarities of the office setting and the people working there.

4) Always consider functionality and flexibility.

Other than being comfortable enough for the employees, the choice of office furniture should also reflect the task-related needs of your people. Do the tables have storage for files? Is there enough room to stretch legs or take a cat nap? Will it result in eye or back strain if the user slants slightly? The answers to these questions will tell you whether you are making a wise investment or not.

The secret is looking for ergonomically designed office furniture. In this way, your employees may interact efficiently and safely with all the pieces. What we want to avoid here are the close calls, and near misses, that may be too costly once they happened all because of the wrong choice of furniture.

Evidently, the modern offices are given the freedom to choose the style and design of office furniture that they want. The bottom line is that the pieces of furniture must complementary to the uniqueness of the company. Significantly, the chosen office furniture must strengthen the client’s perception that your firm is the right firm to partner with by demonstrating that the company aims to progress towards the future through the overall office layout.