Knight Frank: Manila remains to be the fourth-cheapest prime office rent in Asia-Pacific in Q2

The Philippine capital was the fourth most affordable city for prime office rent among 23 Asia-Pacific markets in the second quarter, based on the latest edition of the Asia-Pacific Office Highlights by real estate consultancy Knight Frank. Year on year, Manila’s occupancy cost grew by 3%, higher than the 0.2% average growth of the region during the period.