Amidst slips in office space demand and supply, Metro Cebu’s office sector exhibited resiliency these past months, with offshoring and outsourcing firms dominating the metro’s leasing market transactions.
In its latest leadership event, real estate consultancy firm JLL Philippines shone the spotlight on Metro Cebu’s real estate market, focusing on its office sector.
Participants saw the emergence of a ‘hub-and-club model’ where occupiers will maintain a head office (club) where socializations such as client meetings and town halls will be held.
Expansion through satellite offices (hubs), which may be closer to where their employees reside, was likewise anticipated.
At the online discussion were JLL Philippines’ head of research Janlo de los Reyes; director of commercial leasing Antonio Sabarre; and United Health Group’s research and development general manager Zaide Zafra.
Currently, Participants agreed that the completion of upcoming infrastructure projects will help expand developments outside the central district and create positive impact to both the office and logistics sectors in Metro Cebu.
Among these are the Metro Cebu Expressway, the Cebu-Cordova Link Expressway, expansion of the Mactan Cebu International Airport, and the New Cebu International Container Port in Consolacion area.
With all these developments, Metro Cebu “will continue to be a hotspot for organizations looking to expand their operations outside Metro Manila,” they claimed.