GOTIANUN-LED property developer Filinvest Land Inc. has appointed Colliers Philippines as landlord representative of Studio 7, a 24-story LEED Silver-certified office development in Quezon City.
Strategically located along Edsa—around 500 meters and 900 meters from the GMA-Kamuning and Quezon Avenue Stations of MRT Line 3, respectively—this tower boasts of its offering huge savings to tenants with its efficient use of water and energy.
Studio 7 is also situated close to top academic institutions, including the University of the Philippines, and major shopping and commercial hubs.
Rising in an integrated mixed-use development, it offers a posh address for outsourcing companies and traditional corporate occupiers wanting to leverage on the city’s fast developing business environment.
Its three-floor retail podium with an area of 4,689.03 square meters (sq m) links the office building to Studio 7 Edsa Timog, a high-rise condominium that houses studio and one-bedroom units perfect for the young millennial work force.
Retail locators here include a grocery, gadget stores, coffee shops, casual dining and fast-food restaurants for the daily needs of the residents and office workers. There are also other needed establishments like wellness concepts and a bank.
The property befits the requirements of future tenants since Quezon City is expected to become a more competitive real estate market in the coming years, According to Colliers Director of Office Services–Landlord Representation Maricris Sarino-Joson.
“Owing to its considerable land area and market size—it is after all the capital region’s largest and most populous—opportunities abound in this promising city,” she said.
Colliers reported during its recent Q2 2022 Property Market Briefing that the transport infrastructure strategy of the government is a key factor that will immensely benefit Quezon City.
It is already served by MRT Line 3, a 17-kilometer light rapid transit system along Edsa with 13 stations, five of which are in Quezon City, and by the 17.6-kilometer LRT Line 2, whose five of 13 stations are within the city’s jurisdiction.
Upcoming is MRT Line 7, a 22.8-kilometer rapid transit line that will run from the North Triangle Common Station (between TriNoma and SM City North Edsa) all the way to San Jose Del Monte.
Set to begin operations by late 2022, all but three stations of MRT Line 7 will be within Quezon City.
Another exciting infrastructure project is the Metro Manila Subway, a 36-kilometer underground rapid transit line that will run north–south between Quezon City, Pasig, Makati, Taguig, Parañaque, and Pasay.
Once finished, it will lessen travel time between Quezon City and the Ninoy Aquino International Airport from one hour and 10 minutes to just 35 minutes.
Per Sarino-Joson, Quezon City is one of office submarkets where office vacancy eased in the second quarter of 2022. She noted: “This signals a gradual recovery of its office sector.”
Data from Colliers, likewise, show that the city has almost 500,000 sq m of office supply due for completion between 2023 and 2026.
Colliers’ Office Services–Landlord Representation service line markets a wide array of commercial properties nationwide, from Premium and Grade A towers in central business districts of Makati, Ortigas Center, and Bonifacio Global City, to LEED- and EDGE-certified buildings in the Bay Area, Cebu, Davao, and Pampanga.
As of August 2022, Colliers has exclusive mandate to market more than 500,000 sq m of office space all over the country.