Makati CBD is a trophy-tier Class A submarket of Manila with average asking rent around ₱1,600/sqm/mo · ≈ $30.3 PSF/yr USD.
Established financial trophy core. · Tier: trophy · Avg rent: ₱1,600/sqm/mo · ≈ $30.3 PSF/yr USD
Makati CBD anchors Manila's established financial trophy core — Ayala Triangle, Ayala Tower One, and the deepest banking and professional services concentration in the Philippines.
Banking, insurance, professional services, government, embassies.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Ayala (MRT-3), Buendia (MRT-3), Magallanes (MRT-3).
Multi-modal transit captures the metro's principal professional catchment.
Ayala Triangle Gardens, Greenbelt, Glorietta, Power Plant Mall.
Makati CBD is one of 5 Class A submarkets we cover in Manila, classified as trophy tier with an average asking rent around ₱1,600/sqm/mo · ≈ $30.3 PSF/yr USD. Compared with the broader Manila Class A stock, Makati CBD typically attracts Banking, insurance, professional services, government, embassies and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Makati CBD: Bonifacio Global City (BGC), Ortigas Center, Alabang (Filinvest City), Quezon City & Eastwood. The full Manila submarket atlas is at /cities/manila.
For an institutional Class A occupier evaluating Makati CBD, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Manila Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.