13/03/2021
Manila Bay Area - Pasay-Parañaque Cities (2006 vs 2021)
By 2022, the Manila Bay Area Will Be the New BGC
“We think by the time Duterte ends his administration, the Bay Area will be one of the established CBDs, rivaling Makati, BGC, and Ortigas,” said Fredrick Rara, manager for research and consultancy at KMC Savills.
By the end of 2022, the total office stock in the Bay Area is estimated to reach about 1.045 million sqm.
Although by no means is this the biggest stock in Metro Manila, the rapid and strong growth of the office property market in the Bay Area is deemed quite impressive considering that developments in the area began just a little over a decade ago.