Determining the Right Office Size for your Business

One of the most crucial factors when looking for an office space is the size needed for your business to operate. When leasing a workplace, there is no one size fits all or a definitive figure applicable for everyone. 

Each company varies in the amount each company varies in the amount of office space they need. However, by providing a comfortable space for your employees, offering safe shared spaces, having a venue to practice your company’s culture, and preparing for the future, you will have an idea of which office space is perfect for your business. 
 
JEG Tower @ One Acacia accommodates companies that need small (93-215 sq m) to large (1,170-1,179.02 sq m) office spaces in the heart of Metro Cebu. Schedule a viewing today! Contact Alexa Abella at (+63) 917-825-6884. For inquiries and more information, call us at (+63) 2-8403-5519 or send an email to info@kmcmaggroup.com. 
 

How Your Office Space Impacts Employee Well-Being

Office and design trends change and adapt over time. However, one constant feature of a workplace is its impact on the health and well-being of employees. As people spend almost a third of their lifetime inside office spaces, people begin to realize and put greater value in choosing a space that puts their wellness on top. 
 
Numerous research has successfully linked space to the health of its occupants. The American Psychological Association (APA) reported in a journal that a healthy workplace should include five components: work-life balance, health and safety, employee growth and development, employee recognition, and employee involvement.  

Moreover, many studies have also proved that workplace design significantly influences employees’ health, motivation, and performance. In one survey, 93% of the respondents said that they would stay longer at a company that offers healthier workspaces and benefits.  
 
 
From employee attraction to retention and productivity improvement, your office space impacts your business. Here are some ways your workplace affects your employees’ health: 
 
Mental Health 
A healthy workplace can help employees manage stress and relieve anxiety. According to commercial interior designers, certain aspects of the office can contribute to increasing motivation, boosting morale, and productivity. In an article, Gensler reported that biophilic and green features such as outdoor spaces and access to natural lighting can help reduce stress, anger, and anxiety. It can also lead to improved self-esteem and a better image of self in the long run. 

Physical Well-being 
Businesses can provide a healthy workplace by ensuring that the physical work environment is set to the highest industry standards and criteria. An ideal physical work environment ensures that the design and layout of the workplace is optimal for the comfort, productivity, and motivation of its employees. 
 
Providing optimal indoor air quality is also a crucial task for workspaces, especially in the new normal. Aside from disease prevention, fresh and clean indoor air can also improve cognitive function and reduce anxiety to employees. 
 
Office spaces that also encourage movement and exercise can also improve the physical health of their occupants. 
 
LEED-certified Buildings for Holistic Health 
 
Workplaces located inside a LEED-certified building are linked to improved productivity, increased output, and better work performance. The same study also found that the indoor air quality of their work environment contributes to its employees’ fulfillment at work and overall mood during office hours.  
 
The US Green Building Council (USGBC) found that potential employees prefer working in an office located in a LEED-certified building, where their health and well-being are considered to be top priority. The same study found that workers based in a LEED-certified green building are found to be more satisfied with their job, and that 79 percent of the respondents agree that they would choose a job in a LEED-certified building over a non-LEED building. 
 
Bound by its commitment to uplift People, Planet, and Profit, Leadership in Energy and Environmental Design (LEED) certified buildings are designed and built to promote the overall health and well-being of its occupants while leaving the least negative impacts to the environment. 

LEED-certified buildings such as JEG Tower @ One Acacia have observed the highest set of standards to ensure the overall comfort and safety of its occupants. JEG Tower is designed and built to promote their physical and mental health.  
 
As the highest-scoring LEED commercial development in Cebu City, this 22-storey tower ensures that the workplace design does not compromise the safety, security, and functionality of the space. Instead, it adds value to the often-overlooked aspect of design, which is to promote holistic wellness to its occupants. 
 
 
Want to learn more about JEG Tower @ One Acacia? Contact Alexa Abella at (+63) 917-825-6884. For inquiries and more information, call us at (+63) 2-8403-5519 or send an email to info@kmcmaggroup.com.

Checklist for the Best Business Address in Cebu City

The office remains one of the most important aspects of business. In Gensler’s Workplace Index, four key areas in an office space were identified that employees need: a space to focus, collaborate, learn, and socialize. Additionally, factors such as lighting, functional space, and equipment can also affect their efficiency and motivation at work. 
 
An office can also cultivate company culture and exude company branding. In fact, the workplace is one of the endemic ways a company communicates its essence to its clients, investors, and future employees. While a company’s identity and culture are not made up of tangible factors, research suggests that factors affecting an office space such as interior design, architecture, etc. can influence or even change an organization’s culture. Here are a few things to consider when choosing your business address: 

Client & Employee Convenience 
Location plays an important role in choosing the best business address. It needs to be easily accessible to local commuters and your clients, but it should also be in a building or neighborhood that offers desirable amenities for your employees. 
 
Most companies prefer locating inside central business districts for its proximity to key establishments and ease of access. JEG Tower @ One Acacia, Cebu City’s newest premium green building, is accessible through one of the metro’s main thoroughfares, Archbishop Reyes Avenue. It is also strategically located at the gateway of Cebu IT Park and Cebu Business Park. 

Proximity to Talent 
Locating in a business address near colleges and universities is also a way of promoting your brand to the next batch of labor force. Having a steady pool of ambitious talent incessantly looking for opportunities and for making a difference can help you innovate and keep up with employment trends for your tenants. 
 
Being in the heart of Cebu City, JEG Tower is located numerous educational institutions and campuses such as UP Cebu (1.2 km), University of Southern Visayas (2.0 km), University of Cebu (3.0 km), and Cebu Normal University (2.0 km) 
 
Flexibility & Provisions for Expansion 
The new normal unveiled the perks of flexibility in the workplace. Gone are the days when employees are tied to an eight-hour work shift inside their office cubicles. Office spaces that support an open office layout are also preferred to encourage collaboration and socialization between workmates and employees. 
 
Moreover, having the option to expand is also a plus for companies. Spaces that can physically accommodate businesses’ growth should also be a consideration especially in a dynamic and fast-paced business landscape. 
Brand Association 
Your office location can also tell a lot about your brand identity and what your company stands for. Job seekers today pay more attention to these details that can also contribute to recruitment and employee retainment.  
 
As one of the frontrunners of sustainability in the Visayas, JEG Development Corporation designed and built JEG Tower @ One Acacia to be the best place to work in Cebu City. This 22-storey premium green building is also a show of support for homegrown skills and talents, showcased through its workspaces and common areas. 
Locate your business in Cebu City’s newest premium green building. Contact Alexa Abella at (+63) 917-825–6884. For leasing inquiries and more information, call us at (+63) 2-8403-5519 or send an email to jegtower@kmcmaggroup.com. 

Benefits of Cycling to Work: Health, Environment, and Community

Eco transport, manager goes to office and active lifestyle in city, businessman outdoor

Cycling is a good way of practicing sustainability in daily life. As a form of exercise, an alternative mode of transportation, and a shared activity, riding a bicycle to and from your destination can benefit your health, the environment, and the whole community. 

JEG Development Corporation (JDC) has always been an advocate for cycling, emphasizing its benefits to their tenants’ health, the environment, and the community. As the world marks this year’s International Bike to Work Day, JDC promotes the key benefits of riding bicycles to and from the workplace. 

Here are some benefits of cycling: 
 
Health 
Riding a bicycle regularly can help build and strengthen muscle, eliminate fat, lower blood pressure, and increase endurance. Many studies have proven the effectiveness of this form of workout in improving the overall well-being of individuals, having significant effects on both the physical and mental health of individuals. 
 
Cycling can improve employees’ moods and help them have a positive start in the morning before they clock in for work. In fact, one study showed that employees who bike to work are more inclined to make healthy decisions throughout the day. 
 
Moreover, riding a bike to work can ease feelings of stress, depression, or anxiety, which takes care of one’s mental health. It can also lead to improved cognitive function, better focus, and increased productivity. 
 

Environment 
Cycling to work helps push forward sustainable transport. As an alternative mode of transportation to the workplace, it can lessen the need for cars and vehicles daily that severely contributes to air pollution and emissions of smog. 
 
Opting to use your bicycle a few times a week, instead of your car, is one of the simplest ways to lower your environmental footprint.  
 
RELATED: Cycling to Work: The Benefits of Sustainable Transport 

As more people shift to cycling, the demand for safer bike lanes is also pushed forward. During the height of the pandemic back when there were limited transportation options, cycling advocates in the Philippines have called for fund allocation of at least 16 million dollars from the government to build 190 miles of bike lanes to protect riders. Through this initiative, there will be less demand for roads and expansion, but increased opportunities for less concrete and more green spaces in urban areas. 
 
Community 
Cycling can significantly improve a community through public health and safety. Active transportation such as riding a bicycle can collectively improve public health and lower healthcare costs. More bikes on the road can mean fewer cars which can lead to a safer road environment. 
 
Through its newest premium green building, JEG Tower @ One Acacia, JDC shows its support for a more sustainable option for its employees’ transport. The 22-storey office and retail tower offers bike racks on its parking floors for convenience and efficiency. Shower rooms are also provided for them to freshen up before coming to the workplace. 
 
As part of its commitment to promoting holistic health and sustainability in Philippine real estate, JDC encourages more employers and developers alike to provide more options for their tenants. More than healthier and safer office spaces, JEG Tower @ One Acacia also looks after the community for the overall promotion of sustainable practices in Cebu City. 
 
 
Join the sustainable shift and make your move to the best and greenest workplace in Cebu. Contact Gerold Fernando at (+63) 917-565-3547 to schedule a viewing today! For leasing inquiries and more information, call us at (+63) 2-8403-5519 or send an email to jegtower@kmcmaggroup.com. 

‘Green’ building aims to become best office in Cebu

JEG DEVELOPMENT Corp. (JDC) is hoping its new “green” office building in Cebu City will address the needs of companies navigating the post-pandemic work environment.

The company recently launched JEG Tower @ One Acacia, a 22-storey office and retail development that boasts of eco-friendly and sustainable features.

“We’re confident our decision to go green will differentiate (the building) from others… JEG Tower hopes to capture the market of companies returning to office,” JDC Chief Operating Officer Marko Sarmiento said during a virtual briefing on April 21.

While office vacancy rates in the Cebu IT park are now at 20-25%, Mr. Sarmiento said he is confident the building’s focus on wellness would encourage more companies and their employees to return to the office.

“Nothing will replace being with your team…. JEG Tower has features that make it more attractive for workers to go back, like the roof deck, open spaces and the flexibility to design your office spaces,” he said.

Mr. Sarmiento noted they have seen increased interest in JEG Tower in the first quarter, a sign that business activity is picking up in the city.

“There’s more interest in the first quarter than all of last year. We’re hopeful,” he added.

The coronavirus disease 2019 (COVID-19) pandemic had prompted the developer to boost the project’s sustainability and wellness features, such as the use of natural light, reduced water usage and efficient waste management.

“It is set to become Cebu’s first commercial development to use solar energy, as we have entered into a 20-year power purchase agreement with COREnergy for a zero cash-out solar photovoltaic plant,” he added.

Ayla G. Gomez, JDC brand manager, said the company integrated intelligent technology in the building, and installed thermal scanners and automatic sliding doors in an effort to minimize contact touch-points.

To reduce the risk of infection in common areas, the building also included anti-bacterial fixtures and above standards filtration.

“Another unique sustainability feature that makes JEG Tower @ Acacia stand out is its Mitsubishi Destination-Oriented Allocation System (DOAS) elevators. DOAS elevators are developed to ensure strategic and safe movement within the vertical development, with innovative technology designed to utilize less energy consumption,” Mr. Sarmiento said.

The building also has a rooftop garden that the company hopes will give employees a respite from work.

JEG Development Corporation Launches JEG Tower @ One Acacia, the First Premium Green and Future Ready Building in Cebu City

CEBU CITY, Philippines, April 21, 2022 – Cebu-based real estate developer JEG Development Corporation (JDC) has finally launched JEG Tower @ One Acacia, the pioneer green, LEED Gold certified 22-storey office and retail high-rise development in Cebu City. JEG Tower @ One Acacia is JDC’s first venture into high-rise buildings. 

JDC has always envisioned JEG Tower @ One Acacia to be a frontrunner in redefining the property industry in the Philippines by uplifting the lives and communities of Cebuanos, with a heightened priority on sustainability, holistic health, and employee well-being. 

“JEG Tower @ One Acacia is characterized by its energy-efficient features, reduced water usage, and efficient waste management. It is set to become Cebu’s first commercial development to use solar energy, as we have entered into a 20-year power purchase agreement with COREnergy for a zero cash-out solar photovoltaic plant,” said Marko Sarmiento, JDC’s Chief Operating Officer. 

Beyond showcasing a seamless fusion of sustainability and sophistication, JEG Tower @ One Acacia ultimately aims to revolutionize work-life balance, putting a premium on the welfare of tenants, employees, and the people of Cebu. 

As businesses are more open to going back to the office, JDC has focused on addressing the evolving needs of the workplace, especially in the post-lockdown work landscape where hybrid work arrangements are considered the “new normal.”  

JEG Tower @ One Acacia is committed to providing the best workplace that addresses the physiological, mental, and social needs of its employees and occupants. We continuously invest in the quality of the work environment, as well as the health and well-being of our tenants, in a bid to help our tenants achieve increased productivity,” said Sarmiento. 

With offices designed to integrate sustainability and sophistication, employees can enjoy green features, such as the use of natural daylight, optimal indoor air quality, and the roof deck garden, that all together provide greater support for employees to their psychosocial needs.  

JEG Tower @ One Acacia features a green roof that can help reduce stress and encourage socialization, positively impacting the wellness of employees. These spaces will allow for relaxing midday breaks and can be a venue for wellness activities or social gatherings. 

The roof deck’s endemic flora can also help bolster humidity levels to the 30%–60% range required for human health. The biophilic design of workspaces inside green buildings incorporates ecological aspects that minimize stress levels, reduce mental fatigue, and elevate moods. 

JEG TOWER

“We’ve integrated intelligent technology into the building, utilizing thermal scanners, and automatic sliding doors have been installed in the main entrance. In place of manual contact tracing efforts, employees will use the free-standing scanners by the main entry point, while guests must get their temperature through a tabletop scanner available in the reception area,” explained Ayla Gomez, JDC’s Brand Manager. 

Understanding the risk of infection in common areas, JEG Tower @ One Acacia added anti-bacterial fixtures and above standards filtration to minimize risks. MERV filtration has been installed to complement its energy-efficient heat, ventilation, and air conditioning system to improve indoor air quality and sanitation.  

“Another unique sustainability feature that makes JEG Tower @ Acacia stand out is its Mitsubishi Destination-Oriented Allocation System (DOAS) elevators. DOAS elevators are developed to ensure strategic and safe movement within the vertical development, with innovative technology designed to utilize less energy consumption,” Sarmiento asserted.  

With these eco-friendly features, JEG Tower @ Acacia earned a LEED Gold Certification from the US Green Building Council in 2021. The development was awarded 68 points, making it the highest-scoring LEED for Core and Shell project in Cebu.  

Moreover, JEG Tower @ One Acacia also celebrates its Cebuano roots by showcasing the skills and expertise of homegrown businesses and industries–turning the space into a portfolio of Cebuano talents and heritage. 

“We aim to support local players in the industry, which is why we have collaborated with local suppliers, consultants, and vendors in completing construction,” said Gomez. 

“With this new development, we want to inspire other developers here in Cebu City to take the first steps in offering green, high-quality, and future-proof spaces that make people feel valued and protected,” added Sarmiento. 

How do green buildings keep off COVID-19?

On average, humans spend 90% of their time indoors. Now that the majority are returning to a ‘more normal’ way of living, many also go back to their traditional workspace. Numerous studies have proven the direct relationship between one’s living conditions and the spread of disease. From the quality of indoor air to the materials used inside buildings where people work and spend the majority of their day. The pandemic made people more conscious of their environment to protect themselves from diseases and viruses.

Even before the COVID-19 health crisis, green buildings have been advocating healthy spaces, especially in offices and commercial developments. By promoting sustainability and workplace wellness, these types of buildings prioritize energy efficiency, optimizing indoor air quality, resource conservation, and proper waste management. 
 
Optimized Indoor Air Quality 
 
Proper ventilation is critical to prevent the transmission of coronavirus pathogens. During the onset of the pandemic, the Centers for Disease Control and Prevention reported that viral pathogens can linger in indoor air for at least eight minutes. Furthermore, a study University of Cambridge warned that the use of mixed ventilation systems inside buildings may increase the risk of exposure to coronavirus. 

“During coronavirus, nobody wants recirculated air in offices, gyms, and schools,” says Catriona Brady, head of Better Places for People at the World Green Building Council. The World Green Building Council aims to promote the construction of more sustainable buildings, providing measures and guidelines to commercial and residential developments around the world.

A pioneer sustainable building in Cebu City, JEG Tower @ One Acacia is a standout, premium green building in the Philippines. The 22-storey office and retail project was named Best Green Commercial Development in the Philippines for its unique and innovative features that ensure the best air quality inside its premises. 
 
JEG Tower utilizes Minimum Efficiency Reporting Values or MERV filters that can capture particles in the air from 0.3 and 10 microns (µm). Higher value in MERV ratings leads to better filtration, fewer dust particles, and other airborne contaminants.  

Even from its construction, the tower observed the Construction Indoor Air Quality (IAQ) Management Plan. This measure is implemented by LEED-certified buildings to protect its HVAC system during construction, control pollutant sources, and interrupt pathways for infection. It also guides the sequence of installation of materials to avoid contamination of absorptive materials such as insulation, carpeting, ceiling tile, and gypsum wallboard. 
 
READ MORE: JEG Tower Focus: MERV and Fresh Air System for Optimal Indoor Air Quality 

As the highest LEED-scoring development in Cebu City, JEG Tower puts a premium on ventilation and provides a safe working space for its tenants and occupiers. 
 
“A green building is like a giant face mask,” says Dr. Ho Nyok Yong, president of the Singapore Green Building Council. This is definitely one of the considerations of employees in returning to the office in the new normal. 

Non-toxic materials 

Many construction materials, including paint, contain dangerous toxins that can cause significant effects on the health of people. Many types of paint contain the colorless gas formaldehyde, one of the most common volatile organic compounds (VOCs).  
 
RELATED: Defining Sustainability: Casas+Architects discusses why it matters in design and construction 

Formaldehyde is also found in many types of glue, adhesives, and sealants as well as certain types of foam insulation. The gas poses a serious risk to human health; it is carcinogenic and can cause both respiratory problems and skin irritation. 
 
JEG Tower @ One Acacia used construction materials that are low in VOCs and other green materials that originate from nature rather than highly processed and synthetic options. 

Green Buildings Save Lives 

A recent study from Harvard University’s T.H. Chan School of Public Health found that people in cities with slightly higher levels of particulate matter (PM2.5) had higher death rates from COVID-19. 

“We have research showing that air pollution, which in many parts of the world is coming from burning fossil fuels, is causing people to die from COVID 19,” says Dr. Aaron Bernstein, USGBC board chair and also the co-director of Harvard’s Center for Climate, Health and the Global Environment (Harvard C-CHANGE). “For people who are living in places with worse overall air quality, it [pollution] has set up their lungs to fall apart when they got sick.” 

“Green buildings save lives because they rely less on energy for every square foot of the building,” he added. “They’re responsible for a lower share of air pollution.” 

JEG Tower @ One Acacia revolutionizes work and life balance by providing a safe and healthy space for its tenants while advocating for their holistic wellbeing. The tower has been LEED-Gold certified for its outstanding commitment to energy efficiency and less negative impacts on the environment. 
 
Learn more about how to lease in the best place to work in Cebu City. Contact Gerold Fernando at (+63) 917-565-3547 to schedule a viewing today! 

The Ideal Millennial Workplace

The-Ideal-Millennial-Workplace

In 2022, nearly half of the global labor force will be Millennials, or those born between 1981 to 1996. In the Philippines alone, 41.1% of more than 66 million workers were identified as part of the millennial generation.

As the millennials start to dominate the landscape, businesses should also adapt their workplace to a space that suits their distinct personality and preferences. Many studies found that more than salary or climbing the corporate ladder, these young workers put higher regard to their work environment and company culture. Office spaces in Cebu City are also modifying the workplace to accommodate this younger batch of potential employees. 
 
Here are five workplace design principles that will help you attract and retain a Millennial workforce: 

Work Flexibility 

Especially in the new normal, millennials enjoy the flexibility that allows better work-life balance and integration. Companies that offer flexible work arrangements are more likely to attract and retain this labor demographic as millennials feel that they should be able to work anytime, from anywhere. 
 
Collaborative Design 

In a study, 51% of millennials prefer to work in groups in person. Despite a hybrid work setup, many still want to work in an office to socialize and collaborate with their workmates.  
 
Workplace Well-being 

Compared to the previous generations, millennials put a higher premium on their health and wellness, even in the office. Companies that are also prioritizing the physical and mental well-being of their employees are also more ideal and would be more likely to retain millennials.  
 
The World Health Organization (WHO) has recently published a document defining what a healthy workplace should be, post-pandemic. A healthy work environment is a balance of occupational health and safety, as well as health promotion efforts and initiatives.

RELATED: What is a ‘Healthy Workplace’? 

Top-grade Smart Technology 

More than being a ‘tech-savvy’ generation, smart and contactless technology in the office is an important consideration for millennials going to the office in the new normal. Smart offices are workspaces that utilize automated processes to enhance building operations, from ventilation, lighting, and security. All of these will be the standard in eliminating and reducing risks after the recent pandemic and other health threats. 

Sustainability 

A study in 2021 found that Millennials and Generation Z are more sustainability orientated, even if it is about work and employment. Healthy workspaces such as those that follow a biophilic design or offices located in LEED-certified buildings are also more appealing to millennials since these developments were designed and constructed through sustainable methods. 
 
RELATED: Future-proofing your Office with Sustainability 

Premium green buildings and LEED-certified developments in the Philippines are the ideal office for millennials. In Cebu City, JEG Tower @ One Acacia stands out as one of the most ideal workplaces for its top-grade amenities and sustainable features. Named as 2020’s Best Green Commercial Development in the Philippines, the 22-storey office tower offer healthy spaces to tenants and occupiers.  
 
Locate your business in Cebu City’s newest premium green building. Contact Gerold Fernando at (+63) 917-565-3547. For leasing inquiries and more information, send an email to jegtower@kmcmaggroup.com
 

How can solar power reduce building costs?

How can solar power reduce building costs?

Commercial buildings use a lot of power. In 2022, a report by the UN Environment Programme found that the consolidated electricity consumption in building operations makes up nearly 55% of the global electricity consumption. In the United States alone, large office buildings use an average of 20 kilowatt-hours (kWh) of electricity and 24 cubic feet of natural gas per square foot annually in order to operationalize. 
 
Sustainability for Energy Efficiency 

As an alternative, sustainable features are available to lessen the large-scale consumption of energy in the commercial sector. Energy efficiency is important to reducing greenhouse gases and carbon dioxide that contribute to climate change and global warming. Premium green buildings such as JEG Tower @ One Acacia in Cebu City are designed to limit energy consumption by incorporating innovative design and top-grade amenities to promote sustainability. 
 
One of the most defining features of this 22-story iconic office tower is its solar panels, the first for commercial developments in Cebu. JEG Tower is set to utilize a 40 kWp Solar PV System from over 100 pieces of Polycrystalline PV Modules installed on the building crown. The system will be able to supply electricity to fully or partially power the lower ground floor to the 6th Floor. 

“The idea of using renewable energy to power portions of JEG Tower was always intriguing to us and when the opportunity was there, it was a no brainer,” JEG Development Corporation (JDC) COO Marko Sarmiento said. “It is an important milestone for our company since it makes us the first developer in Cebu to have a solar roof deck installation on a high-rise office building. It is also consistent with our vision to be innovators in the industry.” 

Solar panels reduce a building’s energy costs by harvesting solar energy throughout the lifetime of your solar panels, which can be twenty years or more. JEG Development Corporation has entered a 20-Year Power Purchase Agreement (PPA) with COREnergy for a Zero Cash-Out solar photovoltaics (PV) plant. 
 
READ MORE: JEG Tower achieves LEED Gold, set to become Cebu’s First Commercial Development to use Solar Energy 

In its latest sustainability report, 2020’s Best Green Commercial Development in the Philippines recorded a 23% reduction in electricity consumption through its state-of-the-art variable refrigerant flow (VRF) air conditioning systems, Low-E glass window panels, and usage of LED lighting.

Solar Appreciation Day 2022

Every second Friday of March, the world celebrates Solar Appreciation Day to raise awareness and advocate for one of the most important resources the world relies on. During this day, initiatives to promote solar technology. 
 
JEG Development Corporation joins the commemoration of this environmental initiative. As a LEED Gold certified premium green building, JEG Tower @ One Acacia champions solar energy, as well as the usage of renewable energy in the Philippines. 

Foreign investment picks up as Cebu City remains under Alert Level 2

 
Cebu City’s economic recovery is expected to pick up and accelerate as the metropolitan remains under Alert Level 2. 
 
In the latest resolution by the Inter-Agency Task force for the Management of Emerging Infectious Diseases (IATF-MEID), the whole island province of Cebu shall be placed under the second most lenient lockdown classification until March 15. In February, the Department of Health recorded fewer active cases and a positivity rate falling to only 5%, with a daily average of 3.64%. 
 
This is timely as more multinational investors express interest in locating in the economic stronghold of the Visayas. In a statement by the Cebu Chamber of Commerce and Industry (CCCI), demand for business in the province is steadily increasing as many foreign investors inquire about face-to-face meetings. 
 
“These foreign and economic attaches see Cebu as an island that they will never ever forget. Businesses from their country put Cebu in their bucket list for investments,” CCCI president Felix Taguiam said. 

He also noted that the chamber is hopeful that more investments will pour into Cebu as the province recovers from the pandemic and rebuilds after Typhoon Odette. “I can see activities, moving, trading, and everybody is smiling,” he also shared.  
 
Cebu is also looking forward to the completion and inauguration of the the Cebu-Cordova Link Expressway (CCLEX). This 8.9-kilometer infrastructure project offers an alternative route to Mactan-Cebu International Airport to the world-class resorts, beaches, and expansion opportunities in the economic capital of the Visayas. It is the country’s largest water-crossing infrastructure, built with a navigational clearance to allow larger vessels to safely cross underneath the bridge. 
 
RELATED:  CCLEX to aid economic recovery in Cebu in 1Q/2022 

More Office Options 
 
In the latest property report by KMC, many commercial and retail options will become available in Cebu City’s main business submarkets. As construction projects get completed, more office buildings, including JEG Tower @ One Acacia, will become available within this year. Cebu City’s commercial real estate portfolio has exponentially expanded over the years as more multinational companies expand operations and footprint outside Luzon and Metro Manila. 
 
Looking for the best office to locate your business in Cebu City? Reach out to Gerold Fernando at (+63) 917-565-3547 or email to jegtower@kmcmaggroup.com today! to locate your business in Cebu City’s.