The Philippine capital remained to be the 17th most affordable office space out of 82 markets in the fourth quarter report of the Global Occupier Market Dashboard by real estate consultancy firm Knight Frank. The report compares occupancy costs* for office space across the world’s leading real estate markets. Manila’s occupancy costs for office space reached $32.56 per square foot (sq. ft.) a year, making it the third most affordable office space among 22 Asia-Pacific markets, after Kuala Lumpur, Malaysia (7th overall) and Jakarta, Indonesia (15th overall).
If you like this article, share it on social media by clicking any of the icons below.
Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.
The article was originally published in Business World.
About Post Author
More Stories
Banks’ total assets up at P26.2 trillion end-June
Lamudi sees heightened developer confidence with rise in ad spending
Phase 1 of PHINMA’s Bacolod township to finish by next year