Taguig is an ever-thriving city with all sorts of developments here and there. Commercial space is needed more than ever. Commercial real estate, nevertheless, has various categories, and all of these are available in Taguig particularly in the business district of Bonifacio Global City (BGC).
Office buildings are considered as Class A, Class B, and Class C. Two factors that influence the categories are construction and location. For instance, office buildings located in central business districts such as BGC are usually Class A office spaces.
An example of a Class A office building is ARCA South Corporate Center, office spaces that will be spread out through six mid-rise buildings with a total of 96,000 square meters of gross leasable area. Retail and casual dining areas are located on the ground floor.
Further, Class B offices can be high-quality developments, but are situated in less desirable locations. Class C developments are office buildings with sub-par construction and in far off places.
Plants, production facilities, and warehouses fall under this category. These superstructures are built for special uses and usually reconfigured to suit the designated purpose; heavily customized with storage and assembly, machinery and other manufacturing assets, among others.
Some warehouses are flexible enough to accommodate both industrial and office spaces.
Retail properties are diverse—perhaps the most diverse category. Retail may refer to strip, community or power centers, malls and out parcels or the combination of these features.
Other than out parcels or land parcels specifically designed for individual tenants such as banks and fast food restaurants, a retail center or mall usually include an anchor tenant.
In malls, the anchor tenant is generally the department store while in community centers, the typical anchor tenants are grocery and drug stores.
Some structures are built for multi-use purposes such as residential and industrial other than commercial.