The City of Makati has traditionally been home to Manila's Central Business District (CBD) due to its central location and easy access to other strategically important areas of Manila. It is the major financial, commercial and economic hub in the Philippines. Despite the emergence of Bonifacio Global City, many global companies remain located in the the center of city. Makati is also home to many of the foreign chambers and various embassies. Ayala Avenue, running through the heart of the central business district is often called the Wall Street of the Philippines and hosts a number of serviced offices and grade A office space. However, there is a wide range of commercial properties available suitable for all operations.
The main areas within the city of Makati are Legazpi Village, Salcedo Village, Ayala Center and Bel-Air. Legaspi, Salcedo and the Rockwell area are also home to some of the top class residential housing in the country. Makati is also home to many first-class shopping malls, bars and restaurants the most important of which are located at Ayala Center, Greenbelt and Rockwell Center. Makati has many of the tallest commercial buildings in the Philippines including PBCOM Tower and G.T. International Tower and has a large number of PEZA designated buildings providing tax incentives to strategic industries.