Stiles Enterprise Plaza

The Makati City financial district is undergoing a continuous “rebirth” with a ₱125 billion redevelopment commitment from Ayala Land. The Stiles Enterprise Plaza is part of this office portfolio.

Features of The Stiles Enterprise Plaza and the Office Market:

• Investment Opportunity: The office sector is considered the “most wanted asset class” due to high-performing investment and occupier markets. It is noted that office buildings traditionally provided developers with a source of recurring income. Office investments offer high and stable returns, with a projected ROI of 4-12%’
• Makati Market Dynamics: The Makati CBD is described as a “city starved of supply”. A lack of new inventory has led to a low vacancy rate of 2% for Grade A offices, which is expected to facilitate rental growth and strengthen Makati’s position as the prime central business district.
• Pricing and Competition: The Stiles Enterprise Plaza has a price of ₱230,000 per square meter, which is less than other comparable corporate plazas in Bonifacio Global City and Makati City that starts at 280,000 per square meter.
• Leasing Advantages: The document highlights that office investments have a higher chance of tenant retention compared to residential properties. This is because commercial tenants are financially invested in the unit, often shouldering the cost of fit-out, and bureaucratic red tape prevents easy relocation. The standard lease term for offices is 3-5 years, which is significantly longer than typical residential leases. A wide range of leasing agents, including multinational companies like CBRE, Jones Lang LaSalle, and Colliers, are available to help lease office spaces.
• Allowed and Restricted Uses:
  • Allowed Uses: Administrative, corporate, and back-office operations, as well as professional services like IT, architecture, engineering, and accounting.
  • Restricted Uses: Retail and merchandising, manufacturing/industrial/production, and storage/warehousing.
• Lease Rate: starts 1,000/sqm