MOA (Mall of Asia) Complex: Redefining the CBD
Fortune 500 companies who have their eyes set on the future should keep their eyes on the Bay Area in the Philippines. According to Colliers International Philippines, the Bay Area’s total office space stock is projected to grow by 130% by 2021—from 400,900 sqm at the end of 2017 to 930,000 sqm.
With other central business districts already getting congested, companies start looking for alternative locations such as the Bay Area’s Mall of Asia Complex. These companies recognize the conveniences the complex has to offer—proximity to EDSA, Ninoy Aquino International Airport, CAVITEX, Skyway, NAIAX, Port of Manila and other business districts.
Aside from business owners, employees can also reap the benefits of the bay’s prime location. It is easily accessible to major transport systems like the LRT, MRT, and PITX. The Mall of Asia Complex also has its own transport terminal which has shuttles and jeepneys that reaches as far as Batangas City in the south and as far as Fairview, Quezon City in the north. They also have the option to live close by, with several residential spaces already rising in popularity. But what makes the bay area Bay Area truly unique is its wide array of options for world-class entertainment, shopping and dining experience.
Given these many factors, the Bay Area is one of the primary drivers for the metro’s office market, accounting for 20% of total transactions in the first half of 2018 and a vacancy of 2%. Expect more great things to come to the Bay Area in the near future. Furthermore, according to Leechiu Property Consultants, SM is set to have the biggest office supply pipeline from 2019-2023—surely something great companies have to watch out for.