TIME TO INVEST: Rising Opportunities in Cebu City's Office Real Estate Market

More people are visiting Cebu in the Philippines, and this time it is not only for the city’s vibrant tourist attractions. In their latest market briefing report, the KMC Savills Research team reported the rapid growth of the IT-BPO industry in the Visayas region, especially in Cebu. The report also cited more building completions for year 2023 and a subsequent drop in the vacancy rate following the expected rebound from the IT-BPO sector. This supports KMC Savills’ forecast early this year of the IT-BPO industry overtaking remittances as the main economic driver of the country this decade.

Given these figures and the city’s promising economic growth and highly skilled workforce, Cebu is definitely set to become the next top destination for a flourishing business in the Philippines. So, if you are looking for your next business location in the country, now is the perfect time to consider investing in Cebu’s office real estate market.

There are two approaches that you can take when it comes to investing in Cebu’s office market: (1) Rent to own a ready-for-occupancy unit for your company’s main headquarters or (2) Purchase an office unit and lease it out for passive income.

Save your Money, Rent to Own your Office Headquarters!

Having your own office space is an opportunity for your company to thrive in the long run. Rental rates increase over time, and there is a possibility that you may have to relocate at the end of the lease. But if you have your own office space, this won’t be a worry since it is much easier to predict and calculate costs for your office, saving money in the long term.

The Passive Income Approach

Another approach for investors in the office market is to purchase office units and lease them out to other companies. Aside from using your office space for your company’s headquarters, you can also rent extra space to generate rental income. This can help offset the costs of owning the property, and this can help you build equity over time as the property’s value increases.

Situated along Salinas Drive, near Cebu IT Park (CITP), Arthaland’s flagship development in the Visayas region - Cebu Exchange Tower stands out to be the perfect office building for top companies in the IT-BPO industry as well as for multinational locators in the country. Cebu exchange is a 38-storey PEZA-accredited green building with state-of-the-art features and amenities. Its green features allow businesses to maximize operational efficiency, while providing tenants with a healthier work environment.

Make the move to Cebu City today! For leasing inquiries for Cebu Exchange, contact Andy Gomez at (+63) 917-893-0729 or email [email protected].

For more information about our real estate services, contact us at (+63) 917-565-3547 or email [email protected].