Manila
Manila is the capital city of the Philippines and is one of the 16 cities that make up the Metro Manila area.
It is one of the most densely populated cities in the world and the political and economic centre of the country.
The location
Manila is found on Luzon, the largest island in the Philippines and sits in the coastal lowlands of Manila Bay.
The Pasig River that runs through the city divides it into northern and southern districts.
Neighbouring areas - price comparisons, per person per month
Below are the prices of serviced offices given on a per person per month basis in the city, and are based on a minimum to maximum average, derived from our Sales Team's knowledge.
Area - Indicative price range
Manila Php10,000 - 25,000
Singapore Php20,000 – 50,000
Hong Kong Php20,000 – 80,000
Kuala Lumpur Php7,500 – 20,000
Bangkok Php10,000 – 17,500
Looking for an office in Manila
Current vacancy rates in Metro Manila are very low (around 3%) due to the high popularity of tasking office space here. Despite the low vacancy rates prices are still very cost-effective when compared with comparative cities in the region.
The areas of Makati, Taguig and Quezon City have had up to 1.8 million square metres of office space added to the market that will also help to keep prices competitive.
Costs
The prices for serviced office space can range from between Php 10,000 to 25,000 per workstation in the Metro Manila area, depending on location and requirements.
The Makati CBD area is the most expensive for office space in the Metro Manila area while cost-effective options can be found for companies willing to look at other districts.
However, when looking at serviced offices it is always worth keeping in mind that these costs usually cover a whole variety of amenities, which may include internet meeting rooms, reception services etc., and as such can me more cost-effective than traditional leases.
Office sizes
Instant Offices currently lists over 30 different office locations in Manila so you can be sure to find plenty of different size and space options to suit your business requirements. We are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.
Five things you probably didn’t know about Manila:
1. Manila was originally named Ginto, which translates as Land of the Gold
2. The Philippines is known as the ‘text’ capital of the world with approximately 1.4 billion SMS messages sent daily
3. When viewed from above, Manila City Hall looks like a coffin; it was designed in the shape of the shield of the Knights Templar
4. The Philippines is the world’s leading producer of coconuts
5. Quezon Memorial Shrine’s three vertical pylons were purposely built to a height based on President Quezon’s age when he died
Why choose Manila?
Manila is a great option for any business looking for a strong presence in the Southeast Asian market. While it might not offer the prestige of Hong Kong or Singapore, the area provides cost-effective and quality office space that has convinced a large number of major international companies to set up a regional base here.
Away from the office Manila has so much to offer and is seen as the centre for culture within the country as well as being home to some of the largest shopping malls in the world.
A closer look at Manila
The following districts are the most popular areas in which to rent office space in the Metro Manila area:
City of Manila
• Manila is home to companies from a wide range of industries that include retail, food processing, banking and finance, legal services, media, fashion and many more
• The Port of Manila is also home to the largest shipping gateway to the country
• The area of Binondo is home to the largest and oldest Chinatown in the world and is a business process outsourcing hub within the city
• Some of the major companies to have headquarters in Manila include the Central Bank of the Philippines, Unilever Philippines and the regional office of Toyota
Makati CBD
• The premier business and financial district in the country
• Home to many of the area’s tallest skyscrapers including the PBCom Tower, the tallest building in the country
• Considered to be one of the most vibrant commercial districts in the whole of Southeast Asia
• Majority of the country’s major companies have their main offices here along with a host of international corporates
• Big domestic and international tenants include Ayala Corporation, Alliance Global, Megaworld Corporation, Microsoft, Accenture and Procter & Gamble to name just a few
Bonifacio Global City
• Major financial district situated 11km south-east of the centre of Manila
• The area is also home to Fort Bonifacio, the national headquarters of the Philippine Army (AFP), Southern Police District and the marine base of Philippine Navy and Philippine Marine Corps
• An area that has rapidly grown and continues to do so as military land is sold off for redevelopment
Quezon City
• The most populous city and largest in terms of land area in Metro Manila
• Many government offices located here including the seat of the House of Representatives
• Home to the national university, the University of the Philippines Diliman
• Popular area for the country’s broadcasting networks
• Major companies in the city include Digitel, Citibank Philippines and NEC Philippines
Ortigas Center
• Important financial and central business district that borders Pasig, Mandaluyong and Quezon City and encompasses an area of over 250 acres
• Home to many shopping malls, bars, restaurants and office skyscrapers
• The headquarters of San Miguel Corporation, the national branch of HSBC and offices of major engineering firms Parsons Brinckerhoff and WSP Group all located in the area
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants. Email our team or call us and we'll be delighted to help you.