Makati is a highly urbanized city in Metro Manila, Philippines, recognized as the country's primary financial center and premier business district.
Market Profile
Makati serves as the undisputed financial capital of the Philippines. The Makati Central Business District (CBD) hosts the headquarters of major Philippine conglomerates, multinational corporations, and financial institutions, including the Philippine Stock Exchange.
Office Market Statistics (Q1 2025)
- Vacancy Rate: 8.3% to 13.9%, significantly lower than Metro Manila's average of 19.8%
- Prime Grade Rent: PHP 1,390/sqm/month
- Grade A Rent: PHP 1,120/sqm/month
- Grade B Rent: PHP 945/sqm/month
Residential Market Statistics (Q1 2025)
- Average Condominium Price: PHP 200,000 to PHP 364,000/sqm
- Luxury Segment: Up to PHP 590,000/sqm for ultra-luxury developments
- Residential Vacancy Rate: 13.2%, compared to Metro Manila's 23.9%
- Unsold RFO Units: Less than 1% of inventory
Makati commands the highest property prices in Metro Manila, with rental rates for high-end condominiums ranging from PHP 30,000 to over PHP 150,000 per month.
Key Business Presence
Major companies headquartered in Makati include:
- Ayala Corporation
- Metrobank and BDO
- RCBC
- PLDT
- Philippine Stock Exchange
- Numerous international banks and law firms
- Business process outsourcing (BPO) shared services centers
Infrastructure & Accessibility
Makati features a highly developed infrastructure network:
- Major Roads: Ayala Avenue, Paseo de Roxas, Makati Avenue, Gil Puyat Avenue
- Rail Transit: MRT-3 access via Ayala and Buendia stations
- Planned Development: Metro Manila Subway with stations at Ayala Triangle, Ayala Avenue, and Senate-DepEd
- EV Infrastructure: 74 charging points planned by 2025
The city offers comprehensive pedestrian amenities, including underpasses and elevated walkways connecting major commercial complexes.
Key Regulations
Real estate transactions in Makati follow Philippine regulations:
- DHSUD oversight for property developments
- BIR tax compliance including Capital Gains Tax and Withholding Tax
- Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) for property ownership
- Local Amilyar (Real Property Tax) paid to the Makati City Treasurer's Office
Relevance to Real Estate Operations
For real estate brokers and agents using CRM systems, Makati represents a high-value market segment. You can configure lead distribution rules to route Makati-specific inquiries to agents specializing in premium properties.
The city's distinct sub-areas—Legaspi Village, Salcedo Village, and Poblacion—require location-based routing in your lead management workflow. Agents handling Makati leads typically deal with:
- Higher Total Contract Prices (TCP)
- Larger commission computations
- Corporate and expatriate client profiles
- Pre-selling condominium units from major developers like Ayala Land, SMDC, and Megaworld
Property Listing
Browse available properties in Makati:
Related Terms
References
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