The Queen City of the South, Cebu is more than just a popular tourist destination in the Philippines. Its bustling economy, supported by local business policies, big-ticket infrastructure projects, and rich real estate portfolio, Metro Cebu is now one of the most attractive investment locations in the country.\
Here are some of the reasons why you should lease an office space in Cebu City:
PREMIUM COMMERCIAL SPACES
Cebu City boasts of a huge portfolio of office and retail buildings that offer premium and tech-capable spaces to aid in the expansion of businesses in the Visayan region. Many developments are also designed and built to support and accommodate the needs of its occupiers, including IT-BPO locators. Over the past few years, the BPO industry became one of the drivers of the province’s economy and business landscape.
According to KMC Savills data, Cebu City’s office market continued to show improvement during the last quarter of 2021. The net office take-up of almost 16,000 sq m. It also added that with total completions of 65,300 sq m of new Grade A office space in Metro Cebu, vacancies will climb up to 24.9%, prompting additional options for companies locating to the economic center of Visayas.
FOCUS ON SUSTAINABILITY
As one of the top tourist destinations and jewels of the Philippines, real estate developments in Cebu City put more premium in the protection and preservation of the environment. Because of this, more spaces are shifting to green and more sustainable design and construction methods that also benefit employees to occupy the building.
RELATED: Why Green Buildings are Office-Rebound Ready
LOCAL GOVERNMENT SUPPORT FOR BUSINESS
The Cebu City local government is very supportive of its business community. With the economy in mind, local policies in Metro Cebu enable local and multinational companies and investors to set up their business in the economic center of Visayas.
Cities and municipalities within the province prioritize the strengthening of measures and ordinances to support the growing local business sector. The local administration also adopts necessary changes and adjustments to promote the province as the next key location in the Visayas region. Government officials take pride in sustaining the standards in business policymaking and investment promotions in Cebu. Similar initiatives will encourage more business locators to invest and occupy more office spaces and commercial buildings in other areas within the province.
UP AND COMING LABOR POOL
One of the main benefits of locating your business in Cebu City is its young and lively workforce. Cebu City is home to some of the best universities in the country, including the University of the Philippines Cebu and University of San Carlos that produce graduates exceptional in various fields and industries.
Additionally, Cebu is well-known for its English-speaking population which can be an additional benefit for multinational companies and BPOs to operate and expand to the province.
EXPANSION OUTSIDE METRO MANILA
KMC also cited that many multinational companies under the healthcare services, legal services, professional travel management, financial services, IT services, software development, and animation industries are some of the top locators that are looking to expand their business footprint and operations in Cebu City.
JEG Tower @ One Acacia is one of the newest premium green buildings in Cebu City. Named as the Best Commercial Green Development by PropertyGuru in 2020, this LEED Gold-certified development is truly the best place to work in Cebu.
LEARN MORE ABOUT JEG TOWER: Checklist for the Best Business Address in Cebu City
Interested in expanding to the Visayas? Locate in the best place to work in Cebu City. Get in touch with Gerold Fernando at (+63) 917-565-3547 or send an email to jegtower@kmcmaggroup.com for more details.