Philippines: Manila

Overview

The city of Manila, capital of the Philippines, is located on the island of Luzon. The city of Manila is part of the national capital region, occupies an area of 38.55 square kilometers, and is divided into 897 barangays.

Facts and figures

Population	13,900,000
Total office stock in sq m / sq f	11,400,000 sq m (2019)
Total retail stock in sq m / sq f	n/a
Total industrial stock in sq m / sq f	n/a

Economy

The city of Manila is known as the heart and soul of the Philippine economy. The city is home to major centers of finance, transportation, tourism, real estate, legal services, theater and the arts in the country. According to Euromonitor, the city of Manila is the economic leader of the Philippines. In 2016, the city has posted over 164% greater productivity levels when compared to the remaining parts of the country.

Growth

The city of Manila is located in Metro Manila or the National Capital Region which remains the richest region in the Philippines. The per capita income of the region is three times higher than the national average according to the Philippine Statistics Authority.

Unique aspects

Having a predominantly Catholic population, the city of Manila has several centuries old churches. At the heart of Manila is a UNESCO World Heritage Site - the San Agustin Church. The oldest chinatown in the world, Binondo, is located in Manila. The iconic Philippine jeepney still continues to dominate the roads of Manila, but surprisingly these colorful units were created from World War II US army jeeps.

Office overview in Manila

Manila City, Philippines - office space for rent, lease or sale

The city of Manila has been a prime spot for office and commercial spaces. Due to the increasing demand for these spaces, there is a long list of developments already in the pipeline to increase stock. The city of Manila also has a good number of PEZA accredited buildings and structures in different parts of the metropolis that provide businesses plenty of benefits such as both tax and non tax incentives.

Manila City offers many options on office buildings for lease, including the following

Retail overview in Manila

Manila City, Philippines - retail space for rent, lease or sale

Total existing retail stock as of 2019 stood at 6.5m square meters. Quezon City leads all markets with a share of 27% followed by Manila City and Pasay City at 13% and 11% respectively.

The city of Manila is a shopaholics paradise with sprawling, modern shopping malls found in every nook and cranny of the city.

Manila City offers many options on retail buildings for lease, including the following

Industrial overview in the Manila

Manila City, Philippines - industrial space for rent, lease or sale

As the city of Manila turns into a significant global business location and investment destination, various business districts have been developed.The business districts in different parts of Manila City offer more than just feasible office and commercial space. They are designed as a mixed-use urban development as well.

Aside from its flexible and sustainable workspaces and business-friendly environment, The city of Manila ranked next to India’s Bangalore as a top outsourcing destination in the world also because of its labo High-end casinos and entertainment centers have also become prominent structures in the metropolis.

Manila City offers many options on industrial buildings for lease, including the following