BGC in Taguig among the world’s most expensive streets

Photo from BGC Taguig/Facebook

Bonifacio Global City has become one of the most lively and modern places in Metro Manila. The streets are easy to walk around and the area is filled with tall buildings and a busy vibe.

With everything from luxury brands to local stores, it makes a great spot for everyone who wants to just window-shop or splurge. But, it can get really expensive for average Filipinos.

BGC in Taguig continues to be a standout in the global retail scene, ranking 43rd among the most expensive retail streets in the world, according to the Main Streets Across The World 2024 report by Cushman & Wakefield. 

This ranking, which remains unchanged from last year, highlights the growing importance of BGC as a key business and shopping destination in Metro Manila. 

What does it mean?

As one of the most sought-after locations for both local and international businesses, BGC’s retail rents have seen a three percent increase, now averaging $51 (approximately P2,990) per square foot annually. 

This increase reflects the district’s popularity and its role as a prime spot for local and international businesses.

This surge highlights the district’s continued economic growth and its reputation as a key player in the global retail market.

From shopping malls like SM Aura Premier to luxury brand outlets, BGC continues to cater to the tastes of the affluent while attracting businesses looking to be part of its dynamic environment.

On a global scale, BGC’s ranking among the top 50 most expensive retail streets puts it in the company of iconic locations like Milan’s Via Montenapoleone and New York’s Fifth Avenue. 

As BGC continues to grow and evolve, one can only wonder where it will stand in the years to come. Will it climb even higher in global rankings, or will it shift its focus to becoming an even more inclusive space for the everyday Filipino?