Manila 3rd cheapest prime office market in Asia-Pacific in Q4 2022

Occupancy costs* for Manila’s prime office spaces amounted to $32.6 per square foot (sq. ft.) a year in the fourth quarter of 2022, according to the latest Asia-Pacific Prime Office Rental Index by real estate consultancy firm Knight Frank. It was the third most affordable office space among 23 Asia-Pacific markets after Kuala Lumpur ($18.8/sq. ft.)