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A look at office rental rates around Metro Manila

The 7 top locations for office space in the capital
By Peter Imbong |

Are you looking for office space in Metro Manila? Or does your business need to expand operations? The demand for office space developments, along with residential condominiums will continue to grow through the year 2015 according to Jones Lang Lasalle Leechiu (JLLL), a global real estate services firm.

In a study, they found that the Asia Pacific economies are actually likely to outgrow Western economies in the near future as illustrated by the strong demand for office buildings in the region coming from multinationals and Asian companies.

This growth was fueled by the continued upsurge of the BPO sector as a growth driver. Office rental rates have recovered 42 percent since the Global Financial Crisis of 2008 with rents bottoming out in the latter part of 2009.

 

The Philippines still has the cheapest office rental rates in the region compared to Hong Kong, Tokyo, Singapore, Mumbai, Shanghai, Beijing, Seoul, Delhi, and  Sydney. Bonifacio Global City in Taguig and Makati City are also expected for further growth by next year.

 

Below we list the top seven preferred office locations in Metro Manila and their rental rates per square meter.

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