Doña Elena Tower Breathes New Life Into Manila’s Thriving Real Estate Market

Under Mayor Francisco “Isko Moreno” Domagoso’s leadership, the city of Manila has experienced a renaissance. By removing unlawful barriers and clearing illicit sellers from Manila’s streets and sidewalks, he effectively transformed how the city looked and moved.

The City of Manila has a total of 99,874.29 square meters (sqm) of gross leasable office space, with just 5,650.63 square meters (sqm) currently unoccupied, according to Lobien Realty Group (LRG). According to LRG, this amounts to a single-digit vacancy rate of 6%, which is extremely low and indicates that there is a need for office space in Manila, and what is available is being taken up.

The Doa Elena Tower, a mixed-use project planned by Happy Coral Way Realty Corporation, is one of Manila’s most anticipated real estate developments. This 11-story structure will soon emerge near Mandaluyong City’s border in the bustling district of Sta. Mesa Manila.

LRG is the only leasing agent for the Doa Elena Tower, which will provide Manila with 19,051 square meters of gross leasable area. The Doa Elena Tower is located in a convenient location near a variety of enterprises and important organizations, giving tenants the opportunity to work in a community where much of what they want or need is readily available. Doa Elena Tower is close to the on-going Skyway Stage 3 project’s entry and exit ramps, as well as the public transportation system that connects EDSA through Shaw, according to LRG. It also provides quick access to Mandaluyong’s burgeoning business and residential areas, without having to deal with the hustle and bustle of Makati’s already crowded central business districts, BG.

The office space market, according to LRG, is an excellent barometer for the status of the economy because when demand exceeds supply, it indicates that firms are expanding, jobs are being created, and money is being spent. LRG anticipates that securing tenants for Doa Elena Tower will not be problematic, given the tremendous demand for office space in Manila. Happy Coral Way Realty Corporation made a fantastic decision to create the Doa Elena Tower in the City of Manila, according to LRG’s optimism.