A clamor among Metro Manila employees to avoid the hassles of commuting has given rise to dormitories near the major business districts except for Quezon City.
Studies by Leechiu Property Consultants (LPC) reveal that around 7,400 beds will be made available by a number of developers in Bonifacio Global City (BGC), Makati Central Business District and in Mandaluyong primarily as a means for workers to avoid getting traffic gridlocked on a daily basis along Epifanio Delos Santos Avenue (EDSA) and other major thoroughfares.
There is no need for dormitories in Quezon City even if its EDSA segment has transformed into a popular office corridor favored by BPOs because commuting to and from work within this northern suburb is not perceived as a problem by most workers, according to Bobby Lee, LPC associate director. LPC is a preferred provider of real estate services in the key business districts of the Philippines.
Home to the bulk of Metro Manila’s labor force, Quezon Cityhas emerged as one of Metro Manila’s top five office locations owing to the accessibility of its office enclaves from the city’s dense residential areas.
“A Quezon City location has become a means to attract and retain workers and to remain competitive in the business,” said Lee.
He disclosed that office buildings like the Jackman Plaza IT Center located along EDSA in front of the LRT 1 Roosevelt Station continue to receive inquiries despite their unlikely office addresses.
Offering more than 5,000 sqm of office space, Jackman Plaza IT Center has received accreditation from the Philippine Economic Zone Authority which entitles BPO locators to tax incentives. It also has a direct connection from the LRT station to the second floor of the six-story building and a well-stocked neighborhood supermarket at the ground floor to serve the needs of employees.
In addition to accessibility, Quezon City office buildings like Jackman Plaza IT Center offer locators the advantage of lower rents compared to those in the established business districts. Average rental fees in key Quezon City locations like EDSA are 30 to 50 percent lower than those in Makati and BGC.
Most companies today look to lower fixed costs as a means to increase margins. In a real estate market that is no longer experiencing sustained growth spurts, prudent firms are exploring QC office developments.
On the part of employees, working in Quezon City can mean savings in transportation costs, which can range from R1,300 to as high as R4,000 a month. Potential dormitory dwellers would be willing to pay from R2,500 to R4,500 a month for bed space because these can be offset by their commute costs, said the LPC study.
It may only be a matter of time before more employees, especially those residing in or close to the northern city, start realizing that the best way to avoid traffic and promote work-life balance is by avoiding long commutes in the first place.