{
  "url": "https://classa.info/cities/manila/rents-and-incentives",
  "title": "Manila Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Manila.",
  "oneSentenceAnswer": "Headline Class A rent in Manila is around ₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD, with 5 months of typical rent-free on a 3-year term.",
  "tldr": [
    "Headline Class A rent: ₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD.",
    "Trophy submarket rents (Bonifacio Global City (BGC)) push to roughly ₱1,700/sqm/mo · ≈ $32.2 PSF/yr USD.",
    "Typical concessions on a 3-year deal: 5 months free rent.",
    "Vacancy stands at 22.6% — market trend is softening.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "keyFacts": {
    "city": "Manila",
    "country": "Philippines",
    "region": "APAC",
    "classARentLocal": "₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD",
    "classARentUsd": "$28/sqft/yr",
    "vacancy": "22.6%",
    "typicalLeaseYears": 3,
    "typicalRentFreeMonths": 5,
    "submarkets": 5,
    "primeYieldPct": "6.6%",
    "trophyRent": "₱1,700/sqm/mo · ≈ $32.2 PSF/yr USD",
    "primeRent": "₱1,200/sqm/mo · ≈ $22.7 PSF/yr USD"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Manila?",
      "answer": "Around ₱1,500/sqm/mo · ≈ $28.4 PSF/yr USD across the broader Class A index. Trophy submarkets like Bonifacio Global City (BGC) command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Manila?",
      "answer": "5 months on a 3-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Manila?",
      "answer": "The Manila Class A market is currently softening. Vacancy is 22.6%, which sets the negotiating context."
    }
  ],
  "pageType": "city-topic",
  "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/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}