Real estate and infrastructure occupiers in Manila typically cluster in Bonifacio Global City (BGC), plan ~215 sqft per seat at high-end fit-out ($39000–58000/sqft), and pay around 1500 PHP/sqft ($28 USD) on Class A.

  • Preferred submarket: Bonifacio Global City (BGC).
  • Typical fit-out spec: High-end ($39000–58000/sqft).
  • Plan ~215 sqft per seat for headcount sizing.
  • Class A rent context: 1500 PHP/sqft ($28 USD).
  • Typical lease: 3 years with 5 months rent-free.
  • Talent depth in Manila: 76/100.

Real estate and infrastructure office space in Manila

Real estate and infrastructure occupiers in Manila typically cluster in Bonifacio Global City (BGC), plan ~215 sqft per seat at high-end fit-out">fit-out ($39000–58000/sqft), and pay around 1500 PHP/sqft ($28 USD) on Class A.

TL;DR

  • Preferred submarket: Bonifacio Global City (BGC).
  • Typical fit-out spec: High-end ($39000–58000/sqft).
  • Plan ~215 sqft per seat for headcount sizing.
  • Class A rent context: 1500 PHP/sqft ($28 USD).
  • Typical lease: 3 years with 5 months rent-free.
  • Talent depth in Manila: 76/100.

Where they cluster

Real estate and infrastructure occupiers in Manila typically anchor in Bonifacio Global City (BGC). Tech, BPO, multinational HQs, banking, professional services.

What they pay

Class A rent in Manila runs 1500 PHP/sqft ($28 USD) on a 3-year lease with 5 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical real estate and infrastructure fit-out targets high-end specification at $39000–58000/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Manila typically targets 21,500 sqft of leasable area.

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. Deepest English-language BPO talent in Asia. Strong feed from University of the Philippines, Ateneo de Manila, De La Salle, and a deep network of universities. Excellent neutral English accent supports North American customer-facing operations.

Tax and lease context

Headline corporate tax: 25%. Net leases. 3-5 year terms with renewal options standard. Free rent of 4-9 months on a 5-year deal.

Key facts

cityManila
industryReal estate and infrastructure
naics531, 237
preferredSubmarketBonifacio Global City (BGC)
preferredFitoutSpecHigh-end
fitoutBand$39000–58000/sqft
sqftPerSeat215
classARentLocal1500 PHP/sqft/yr
classARentUsd$28/sqft/yr
vacancyPct22.6%
typicalLeaseYears3
typicalRentFreeMonths5
talentIndex76
corporateTaxPct25%

Frequently asked questions

Where do real estate and infrastructure occupiers lease office space in Manila?
Most cluster in Bonifacio Global City (BGC). Rent runs ~1500 PHP/sqft ($28 USD) for trophy and prime stock.
What fit-out spec do real estate and infrastructure occupiers run in Manila?
Typically high-end at $39000–58000/sqft.
How much office space per seat should a real estate and infrastructure occupier plan in Manila?
Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the real estate and infrastructure vertical?
Representative NAICS 2022 codes: 531, 237.
What is the talent index in Manila?
76/100. Use the city profile for full detail.

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Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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