Manila has 5 distinct Class A submarkets we track, anchored by Bonifacio Global City (BGC) at the trophy tier.
Manila has 5 distinct Class A submarkets we track, anchored by Bonifacio Global City (BGC) at the trophy tier.
**Bonifacio Global City (BGC)** (trophy, ~₱1,700/sqm/mo · ≈ $32.2 PSF/yr USD) — Master-planned trophy core. **Makati CBD** (trophy, ~₱1,600/sqm/mo · ≈ $30.3 PSF/yr USD) — Established financial trophy core. **Ortigas Center** (prime, ~₱1,200/sqm/mo · ≈ $22.7 PSF/yr USD) — Mid-CBD trophy and back-office hub. **Alabang (Filinvest City)** (prime, ~₱1,000/sqm/mo · ≈ $19 PSF/yr USD) — Southern trophy and BPO belt. **Quezon City & Eastwood** (established, ~₱900/sqm/mo · ≈ $17.1 PSF/yr USD) — Northern BPO and tech corridor.
| city | Manila |
|---|---|
| country | Philippines |
| region | APAC |
| classARentLocal | 1500 PHP/sqft/yr |
| classARentUsd | $26/sqft/yr |
| vacancy | 22.6% |
| typicalLeaseYears | 3 |
| typicalRentFreeMonths | 5 |
| submarkets | 5 |
| primeYieldPct | 6.6% |
| trophyCount | 2 |
| primeCount | 2 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.