Property prices for rent in Makati (Metro Manila)

The rent prices in real estate in Makati, in the Metro Manila region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

₱ 60,973
Average price last 6 months
₱ 995.08
Price/m² last 6 months
Average price per m2

The price per m² in Makati has fallen during the last 6 months. In March, the average price per m² was ₱ 1,051.38. In April this price barely changed remaining at ₱ 1,039.84 per m². In the following two months the price per m² has practically remained the same, going from ₱ 1,045.61 to ₱ 1,001.27 per m². The price per m² has fallen 92 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 1,023.44 to ₱ 938.36 during July, and August.

Average price

When referring to the price in Makati (cities), this has fallen considerably in the last 6 months. The average price for March is ₱ 76,607. During April the price had a slight fall till ₱ 67,638. During the following two months (May, June) the average price had a considerable fall of 83 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₱ 66,151.75 to ₱ 50,615.5, which means a 77 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of ₱ 48,631 they are 18 % more affordable than the average price for Makati . The properties with the highest average price have 4 bedrooms, Their price is 176 % more expensive than the average. After that we have properties with 3 bedrooms priced at ₱ 122,293.

With regard to the average price per m², those properties with 4 bedrooms are the most affordable ones at a cost of ₱ 481.61 / m², with an average ₱ 908.94 / m² price in Makati. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 840.08 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 48,631 it is 9 % more affordable than the average price in Makati. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial Lot". At a price of ₱ 117,273 it is 174 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Townhouse" at an average price of ₱ 553.6 / m² followed by "House" priced at ₱ 722.47 / m². "Office" is the most expensive type of property with a ₱ 1,598.95 / m² value followed by "Condominium" with an average price of ₱ 958.62 / m².

Charts data
Average price August
Average price per m² August
Number of properties used in Makati
Number of properties used in region Metro Manila
₱ 48,631
₱ 908.94
47,082
102,974
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value