The Bay Area, spanning the reclaimed waterfront districts of Pasay along Manila Bay, has established itself as one of Metro Manila's most active office submarkets. With its proximity to the Ninoy Aquino International Airport (NAIA) and the SM Mall of Asia Complex, plus direct access to LRT-1 (Baclaran, Gil Puyat, and EDSA stations), MRT-3 (Taft and Buendia stations), and a dense network of bus terminals along Roxas Boulevard and EDSA, the district offers occupiers a compelling mix of affordability, accessibility, and modern infrastructure. For companies in the BPO, IT-BPM, and export sectors, leasing in a PEZA-accredited building in the Bay Area can provide meaningful operational advantages, from tax incentives to regulatory ease, at rental rates that remain notably more competitive than Makati City or BGC.

To support your search for a strategic location, we've compiled an updated list of PEZA-registered buildings in the Bay Area, Pasay City as of 2026:

PEZA-Accredited Buildings in the Bay Area

8912 Asean Ave.
A Place
Aseana One
Aseana Two
Aseana Three
DoubleDragon Plaza 1
iMet BPO Tower A
iMet BPO Tower B
Mall of Asia Arena Annex Building (MAAX)
Scape Building
SM Bicutan Towers
SM One E-Com Center
SM Two E-Com Center
SM Three E-Com Center
SM Four E-Com Center
SM Five E-Com Center
SM Six E-Com Center

Why Consider PEZA-Accredited Buildings in the Bay Area?

PEZA accreditation enables qualified businesses to benefit from:

Tax holidays and fiscal incentives
Streamlined permits and registrations
VAT exemptions on certain transactions
Importation privileges for equipment and raw materials

The Bay Area's appeal goes beyond incentives. Based on our 1H 2026 Property Market Report, the district posted average transacted rents of roughly PHP 706 per sqm, well below Makati (PHP 887) and BGC (PHP 1,105), making it an attractive option for budget-conscious tenants. The Bay Area also holds the deepest inventory of large, contiguous office space in Metro Manila, with 29 buildings offering 5,000 sqm or more of contiguous space, ahead of Quezon City (22 buildings) and well ahead of BGC (5 buildings).

The district's appeal isn't purely about office metrics, either. Retail and lifestyle destinations like SM Mall of Asia, Ayala Malls Manila Bay, Blue Bay Walk, and the integrated resorts of City of Dreams Manila and Okada Manila sit right at its doorstep, alongside the Philippine International Convention Center and easy access to EDSA, Roxas Boulevard, and NAIA. It's a rare blend of work, leisure, and connectivity along the shores of Manila Bay.

Exploring Your Office Space Options in the Bay Area

Selecting a PEZA-accredited building is just the first step. The right space should also support your operational goals in terms of location, budget, building features, and lease terms. Our team provides the market knowledge and guidance needed to make strategic real estate decisions.

To explore PEZA-accredited office listings in the Bay Area, visit leechiu.com/offices or reach out to our team at inquire@leechiu.com to get expert guidance on the right space for your business.