The country’s capital ranked 17th out of 90 markets in the Global Occupier Market Dashboard by real estate consultancy firm Knight Frank in the second quarter. The report compares the occupancy costs* for office space across the world’s leading real estate markets. Manila’s occupancy costs for office space amounted to $32.83 per square foot (sq. ft.) a year, making it the third most affordable office space among 23 Asia-Pacific markets, after Kuala Lumpur, Malaysia (8th) and Jakarta, Indonesia (16th).