The Philippine capital ranked 19th out of 80 markets in the Global Occupier Market Dashboard by real estate consultancy firm Knight Frank in the first quarter.
The report compared the occupancy costs* for office space across the world’s leading real estate markets.
global-occupier-market-dashboard-q1-2023-10325
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Manila’s occupancy costs for office space amounted to $33.39 per square foot (sq. ft.) a year, making it the fourth-most affordable office space among 22 Asia-Pacific markets.
Source: Business World and Knight Frank