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Office rent cheapest in Asia

by Business World OnlinePublished: October 11, 2013Updated: December 2, 2014

Office spaces in the Philippines remain the most cost-effective in Asia despite rising demand but should not be seen by property developers as a reason to hike rates, according to officials of property consultancy firm CBRE Philippines.

“As of the second quarter, the Philippines still offers the lowest prime rent for office spaces across Asia,” CBRE Chairman and Founder Rick M. Santos yesterday told reporters, at a briefing at the Peninsula Manila in Makati.

Read the full story at Business World Online.


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