Manila's trophy roster is anchored by Shangri-La at the Fort, Ayala Triangle Tower 2, W Fifth Avenue.
Manila's trophy roster is anchored by Shangri-La at the Fort, Ayala Triangle Tower 2, W Fifth Avenue.
**Shangri-La at the Fort** (BGC), ~1080k sqft, completed 2016. Mixed-use trophy. **Ayala Triangle Tower 2** (Makati CBD), ~540k sqft, completed 2024. Ayala Land trophy facing Ayala Triangle Gardens. **W Fifth Avenue** (BGC), ~590k sqft, completed 2019. Mixed-use BGC trophy with luxury hotel base. **The Estancia at Capitol Commons** (Ortigas), ~470k sqft, completed 2018. Ortigas Land's mixed-use trophy with retail and residential. **Net Park BGC** (BGC), ~220k sqft, completed 2014. Net Group PEZA-registered BPO-tilted Class A.
| 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% |
| trophyBuildings | 5 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.