Wazzup Pilipinas!
Companies looking for an affordable office space to rent should head to Quezon City to find cheap commercial properties. Based on Lamudi Philippines’ analysis of price data of its commercial property listings, Metro Manila’s largest city has the most affordable office space for rent, averaging Php503.79 per sqm.
The analysis also found that Quezon City’s most expensive office space for rent, located in Eastwood City, has a monthly asking price of Php1,208 per sqm, while the cheapest costs Php185 per sqm per month.
At the other side of the price spectrum are Taguig and Makati, Metro Manila’s most expensive cities for real estate, where office rents average Php763 and Php635 per sqm per month, respectively.
Makati, however, boasts the metro’s priciest office spaces. Office blocks in the city’s trendy Ayala Avenue command monthly rents as high as Php1,400 per sqm, while the city’s cheapest offices have asking monthly rents of Php300 per sqm.