Commercial Property for Sale in Parañaque

 

A Smart Way to Invest in Parañaque City

 

A commercial district in the National Capital Region (NCR), Parañaque City is in the southern part of Metro Manila. It is made up of 16 barangays, divided into two districts: District I and District II. The name Palanyag was given to the city, from the term ‘palayag’ meaning “point of navigation.” With 46.57 square kilometers or 17.98 square miles, Parañaque City has a population of 689,992 based on the 2020 Census. This represents 5.12% of the region, with a population density of 14,816 inhabitants per square kilometer or 38,376 inhabitants per square mile.

 

Discover prime commercial locations in Parañaque City near Metro Manila and neighboring provinces. Commercial properties on sale in Parañaque City are conveniently accessible from Las Piñas, Pasay, Makati, Cavite, and Taguig. Buying office spaces in Parañaque also benefit from their proximity to nearby municipalities like Pateros, Kawit, Noveleta, Rosario, Cainta, and Taytay. 

 

Places to go near Parañaque

 

Parañaque City has a lot to offer when it comes to entertainment and relaxation. If you are looking for places to visit near the commercial district of Parañaque City, you can check out the entertainment centers, luxury casinos, shopping malls, and integrated resorts. Here are some places to visit near Parañaque City:

 

Okada Manila

 

Commercial space rentals near Okada Manila are in high demand due to the resort and casino's luxurious atmosphere and range of amenities. These spaces offer a prime location for businesses looking to capitalize on the resort's popularity among tourists and locals. With plenty of restaurants, shops, and gaming facilities, commercial spaces in this area provide ample opportunities for growth and expansion. Plus, the resort's stunning fountain and world-class shows and events provide an added draw for visitors. If you're looking to buy commercial space in a prime location near Okada Manila, there's no better time to start your search in the commercial district of Parañaque City.

 

Solaire Resort & Casino

 

If you are investing in commercial real estate, you might want to consider the proximity of your investment to booming tourism spots, like Solaire Resort & Casino. Located in Entertainment City, this resort not only boasts stunning views of Manila Bay but also houses world-class gaming facilities and a wide range of dining options, making it a go-to destination for tourists and locals alike. Several commercial spaces are available for sale near Solaire, providing an opportunity for investors who want to make the most of this booming tourism industry. With the resort's reputation and growing popularity, who knows how much your commercial unit might appreciate in the future?

 

Shopping Malls

 

If you're interested in buying commercial units near shopping malls in Parañaque City, you're in luck. This area boasts several popular shopping destinations, including 88 Square Mall, Aseana Square, Ayala Malls Manila Bay, Duty-Free Philippines Fiestamall, and multiple SM City branches throughout residential districts. These shopping malls offer a fantastic opportunity for local and international businesses to attract customers from the area. Not only do they offer a variety of shops, restaurants, and entertainment options, but they also attract a diverse range of customers, making them ideal for any business looking to establish a foothold in the area.

 

City of Dreams Manila

 

Located at the corner of Macapagal Avenue in Baclaran, the City of Dreams Manila is an integrated resort that offers a unique entertainment experience. In addition to its many attractions, it's also home to DreamPlay by Dreamworks, an indoor interactive play center that's sure to delight kids and adults alike. Whether you're looking to invest in a property for your own business or rent it out for others to use, the area around the City of Dreams Manila is an attractive option.

 

Parañaque City is an ideal starting point when looking for a commercial property to buy. With varied and lively commercial and residential districts, there's no shortage of options to suit your preferences and budget. Plus, the city has amazing amenities and attractions, such as top-quality restaurants and cultural institutions.

 

Why Operate Businesses at Parañaque?

 

Operating businesses at Parañaque has become an attractive option for entrepreneurs searching for commercial properties. 

 

Strategic Location

 

Being situated near major transportation routes, airports, and seaports, Parañaque City’s location is considered strategic for businesses. With the city being accessible from different parts of the metro, this makes it a hub for trade and commerce. Parañaque is also adjacent to the Ninoy Aquino International Airport (NAIA), providing easy access for trade and business with other countries.

 

Flourishing Economy

 

A dynamic and thriving urban center in the Philippines, Paranaque City’s economy has been continuously growing, thanks to its diverse industries of retail, real estate, and hospitality, as well as its renowned resorts and casinos which attract both local and foreign tourists. The city ranked among the top 20 highly urbanized cities in the previous years. 

 

Paranaque City has earned its reputation as an economic powerhouse, ranking 10th in economic dynamism and local economic growth. The city excels in generating employment opportunities, securing the 3rd position, and providing an affordable cost of living, ranking 1st in this category. The city performs well in terms of productivity, ranking 7th and reflecting its efficiency in utilizing its resources to maximize output across various sectors. Paranaque City's success is a testament to its adaptability and sustainability in supporting its growing economy.

 

Supportive Business Climate

 

In Parañaque City, starting or renewing a business is now a breeze thanks to simplified online registration. Moreover, budding entrepreneurs enjoy guidance, information, and support from the local government's investment and promotion board. Tax incentives are also offered to both new and established businesses to ease the financial burden and encourage investment in the local economy. With reliable power supply and high-speed internet connectivity being facilitated by the city government, businesses have access to important resources. All of these measures by Parañaque City aim to promote economic growth by fostering entrepreneurship and attracting and retaining businesses.

 

Access to a Skilled Workforce

 

Parañaque City is home to many highly skilled workers, thanks to its various educational institutions such as St. Paul University, St. Andrew’s School, and St. Rita College Parañaque. Having a well-educated workforce can be beneficial for businesses, as they can access a pool of employees with diverse backgrounds and can add value to their organizations. The city hall also offers job fairs, creating more opportunities for businesses to access a skilled workforce.

 

Buying commercial properties in Parañaque City has become an attractive option for entrepreneurs and businesses seeking favorable outcomes due to its strategic location, flourishing economy, supportive business climate, and access to a skilled workforce. All these features combine to make the city an excellent destination for investment and growth opportunities.

 

Where to buy a commercial property in Parañaque?

 

Sucat

 

A commercial district in the northbound of Muntinlupa, westward of Taguig, and north of Pasay, Sucat is home to many call centers and business process outsourcing (BPO) companies like Teleperformance and E-Teleconnect, Inc. It has many commercial buildings and warehouses, making it an ideal location for doing business.

 

In addition to being a thriving business hub, Sucat has many shopping malls, grocery stores, and restaurants like SM City, Virra Mall, Liana's Shopping Mall, Walter Mart Mall, Shopwise, and Wilcon Depot. The district is also home to manufacturing corporations such as Beauchem Industries International Inc., Leslie Corporation, Jockey Philippines - Headquarters, San Miguel Rengo Packaging Corporation, and Zuellig Pharma Corporation.

 

Commercial properties for sale in Sucat are accessible through major roads such as Dr. A. Santos Ave. and SLEX-Sucat Interchange, making it easy to travel in and out of the district. It is also a short distance away from other major business districts in the metro. Residential developments like Asteria Residences, Avida Towers Sucat, and Field Residences SMDC are also found in Sucat.

 

If you're looking for commercial properties to buy in Parañaque City, Sucat is a great option to consider given its favorable location and abundance of amenities.

 

Frequently Asked Questions About Buying a commercial property in Parañaque

 

How to get to Parañaque? 

 

There are several ways to travel to the commercial district of Parañaque City, depending on your location and preferred mode of transportation. One option is to take a taxi or ride-hailing service like Grab. Another option is to ride a jeepney or bus if you are coming from other parts of Metro Manila. If you have your vehicle, you can drive and park in designated parking areas near the property. Parañaque City is also accessible via major highways such as the South Luzon Expressway (SLEX) and Skyway, making it convenient for those traveling from outside Metro Manila. Additionally, Parañaque City has a train station, the LRT-1 Baclaran Station, which connects to other areas in the metro.

 

How much does it cost to operate in Parañaque?

 

The average price of a commercial property for sale in Paranaque City is around Php 269,292,857 per unit. However, the cost may vary depending on the location, size, and condition of the property. The most expensive commercial property for sale in this area can cost up to Php 753,250,000, while the most affordable one can cost around Php 23,800,000. It is always recommended to do proper research and seek professional advice before making any investment in real estate.

 

Is Parañaque safe?

 

Yes, Parañaque City is generally considered a safe place to buy commercial properties. The city has its police force and a well-established security system, which ensures the safety of its residents and visitors. Of course, as with any location, it is always important to do your research and due diligence before making any investments. It is advisable to consult with local authorities and real estate professionals to gather all the necessary information and make an informed decision.