THE search for commercial properties has been gradually moving online, tracking the trend in residential property searches, with Quezon City and Makati still the most searched-for cities among commercial property hunters, real estate listing website Lamudi Philippines said.
Just last year, Lamudi said more than 400,000 searches for commercial properties were made on its site looking for office and retail spaces, warehouses, industrial estates and commercial buildings.
Lamudi said that at present, it has approximately 2,300 commercial properties listed on its website that are either for-sale or for-rent, which range from office spaces for rent to entire commercial buildings for sale.
Quezon City is the most searched for city for commercial properties as it accounted for 28.63 percent of the overall page-views for commercial properties.
Makati was second with 25.95 percent, far ahead of Cebu City with 10.54 percent and Manila with only 9.77 percent.
Meanwhile, in terms of for-sale commercial properties, Quezon City is still the most popular among property hunters as it accounted for 34.22 percent of the total searches.
Again, Makati came in second with 15.69 percent of the searches; Manila with 14.53 percent and Paranaque with 11.32 percent.
Quezon City also dominated the searches for commercial properties for rent, accounting for 30.03 percent of all page views for commercial properties. This was followed by Makati with 26.59 percent, Cebu City with 13.47 percent and Manila with 6.59 percent.
Lamudi noted that only 22 percent of commercial property searches were made with the use of a smartphone, while 70 percent were made via desktop computers and the remaining searches by tablets.
It said Tuesdays and Wednesdays were the favorite days of the week for people to search for commercial properties online, with search volumes peaking at around 11 am and 4 pm.
“When people research about commercial properties, they do so for business purposes; hence, they usually do this at the office using their office computers,” Lamudi said. “However, when people research about residential properties, they do so for personal reasons and they use whichever device they have on hand at the moment, whether desktop, mobile, or tablet.”
In contrast, searches for residential properties peak between 8 and 10 pm, the hours when people are usually at home, outside their offices, or caught in traffic.
Lamudi data also show that more than a quarter of all page-views were conducted by female users aged between 25 and 34 years, followed by males of the same age group which accounted for only 14.26 percent of the searches.
“This is consistent with overall Lamudi data, where it was found that women are more active in searching for properties online,” Lamudi concluded.