What is the average cost of renting office space in Manila?

The average cost of renting Manila office spaces can vary widely depending on several factors, such as the location, size, amenities, and the type of office space (e.g., traditional office, co-working space). As of my last update in September 2021, here are some general guidelines:

1. Makati Central Business District (CBD): Makati is one of the prime business districts in the Philippines, and Manila office space prices here tend to be higher. The average rental rates can range from around PHP 800 to PHP 1,500 per square meter per month.

2. Bonifacio Global City (BGC): BGC is another prestigious business district in Manila, known for its modern office buildings and commercial spaces. Rental rates in BGC are comparable to those in Makati, with average rates ranging from PHP 800 to PHP 1,500 per square meter per month.

3. Other Business Districts: Other business districts in Manila, such as Ortigas, Quezon City, and Manila Bay Area, may have lower average rental rates ranging from PHP 400 to PHP 800 per square meter per month.

4. Co-working Spaces: For co-working spaces, the cost can vary depending on the location, facilities, and membership plans. On average, monthly co-working memberships in Manila open space can range from PHP 5,000 to PHP 15,000, depending on the level of access and amenities provided.

Keep in mind that these are approximate figures based on data available up to September 2021, and the actual rental rates may have changed since then. To get the most accurate and up-to-date information of rental costs in Manila open space, it’s best to consult real estate agencies, property listings, or local commercial real estate websites. Additionally, prices can differ significantly depending on the specific building, lease terms, and prevailing market conditions.