Manila had second-most affordable office spaces in Asia-Pacific in Q3

The country’s capital ranked 17th most affordable office space out of 92 markets in the Global Occupier Market Dashboard by real estate consultancy firm Knight Frank in the third quarter. The report compares the occupancy costs* for office space across the world’s leading real estate markets. Manila’s occupancy costs for office space amounted to $30.77 per square foot (sq. ft.) a year, making it the second most affordable office space among 22 Asia-Pacific markets, behind Kuala Lumpur, Malaysia (5th overall).