{
  "url": "https://classa.info/cities/manila",
  "title": "Manila Class A Office Market",
  "description": "Asia's BPO capital with deep call-centre and shared-services tenancy.",
  "oneSentenceAnswer": "Manila Class A office rents around ₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD, with 22.6% vacancy and 5 months of typical rent-free on a 3-year term.",
  "tldr": [
    "World's deepest English-language BPO talent base.",
    "Trophy product in BGC trades at PHP 1,500-1,900/sqm/month.",
    "POGO tenant exits drove vacancy up post-2022.",
    "PEZA tax-incentive regime structurally underwrites BPO tenancy."
  ],
  "keyFacts": {
    "city": "Manila",
    "country": "Philippines",
    "region": "APAC",
    "classARentLocal": "₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD",
    "classARentUsd": "$28.428357751372644/sqft/yr",
    "vacancyPct": "22.6%",
    "typicalLeaseYears": 3,
    "typicalRentFreeMonths": 5,
    "submarkets": 5,
    "corporateTaxPct": "25%",
    "talentIndex": 76
  },
  "faqs": [
    {
      "question": "What is PEZA?",
      "answer": "Philippine Economic Zone Authority — registered IT/BPO tenants in PEZA-designated buildings receive an income tax holiday (4-7 years) followed by a 5% gross income tax. Material for BPO tenant decisions; not all Class A buildings have PEZA designation."
    },
    {
      "question": "What was POGO?",
      "answer": "Philippine Offshore Gaming Operators — predominantly China-facing online gaming platforms operating from Manila. Government policy phased out POGO operations by 2024, removing a meaningful share of office occupancy."
    },
    {
      "question": "What is the BGC versus Makati dynamic?",
      "answer": "BGC is the modern master-planned trophy district with deeper Class A inventory and better walkability; Makati CBD remains the deepest financial-services tenant cluster."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/manila), updated 2026-04-15T00:00:00.000Z."
}