Knight Frank: Manila’s prime office rent is 4th most affordable in Asia-Pacific in Q1 2025

The Philippine capital’s prime office rent was the fourth cheapest in the Asia-Pacific region at $31.58 per square foot a year in the first quarter, latest Prime Office Rental Index by Knight Frank showed. Despite this, Manila’s premium office rent grew by 1.7% year on year in the first three months of 2025, faster than the 1.4% average decline in the region.