The Philippine capital remained to be the 17th most affordable office space out of 82 markets in the fourth quarter report of the Global Occupier Market Dashboard by real estate consultancy firm Knight Frank. The report compares occupancy costs* for office space across the world’s leading real estate markets. Manila’s occupancy costs for office space reached $32.56 per square foot (sq. ft.) a year, making it the third most affordable office space among 22 Asia-Pacific markets, after Kuala Lumpur, Malaysia (7th overall) and Jakarta, Indonesia (15th overall).