Why Makati remains the benchmark for Metro Manila’s CBDs
Makati City has long been the financial heart of the Philippines, continuously evolving to meet the needs of businesses, investors, and professionals.
From its early skyscrapers in the 1970s to the next generation towers redefining its skyline, the Makati central business district (CBD) has witnessed remarkable transformations. As more companies return to office, new developments are ensuring that Makati remains at the forefront of the country’s business landscape.
Evolution of Makati’s business landscape
Since the 1970s, Makati CBD has steadily cemented its position as the country’s financial hub. The rise of commercial towers—such as the Citibank Center, Pacific Star, and Lepanto Building—attracted major corporations and foreign investments, establishing the district as the preferred address for businesses.
The 1990s and early 2000s saw the emergence of high rises like Citibank Tower and Ayala Tower One, reinforcing Makati’s dominance in the corporate sector.
The 21st century ushered in modernization, with developments emphasizing technology, sustainability, and efficiency. RCBC Plaza, a major mixed-use complex, exemplified this shift by offering contemporary workspaces while integrating cultural and commercial elements. Opening in 2001 amid economic uncertainty, RCBC Plaza highlighted Makati’s resilience and had set the stage for future office space innovations.
Next phase of growth
As Makati expands beyond its traditional boundaries, The Yuchengco Centre is set to define its next phase of growth. Scheduled for completion in 2026, it rises along Sen. Gil J. Puyat Avenue at the intersection of Nicanor Garcia Street, an area poised for further development.
Despite elevated office vacancy levels in Metro Manila, The Yuchengco Centre is forging ahead, much like RCBC Plaza did during the economic uncertainties of the early 2000s. Developed by House of Investments in partnership with Sojitz Corp., the project underscores the resilience of Makati’s office market.
Industry observers are keen to see whether the strong demand for luxury residential properties will extend to premium office spaces, with The Yuchengco Centre serving as a benchmark for future developments in the district.
With the largest floor plate in a prime Makati CBD building at 4,400 sqm, The Yuchengco Centre delivers highly efficient office spaces tailored to the demands of modern businesses. The building is fully amenitized, with executive lounges, state-of-the-art conference and meeting rooms, and exclusive dining areas that tenants can rent. The Yuchengco Centre also features retail spaces, a public park, and a three-story roof deck garden.
A continuing legacy of growth
As the Makati CBD undergoes a massive renaissance, The Yuchengco Centre stands at the forefront. By introducing cutting-edge office and retail spaces, it is not just adapting to the evolving market—it is also actively shaping Makati’s future as the premier business hub of the Philippines.
While Makati has long been the country’s financial capital, new developments ensure that it remains a thriving hub for commerce, innovation, and growth well into the future.
The author is the executive director for Commercial Leasing at Leechiu Property Consultants, the country’s premier real estate advisory firm
