But businesses are navigating through the crisis. The property sector in Cebu, a dynamic and thriving industry, is likewise coping and managing well amid the crisis.
Occupiers in the Cebu office market are seen adopting a hub-and-club model, as part of their pivoting strategies to decentralize Cebu’s central business district, Jones Lang La Salle (JLL) the Philippines said.
“We anticipate the emergence of the ‘hub-and-club model’ where occupiers will maintain a head office (club) for socializations such as client meetings and town hall. They will also expand through satellite offices (hubs), which may be closer to where their employees reside,” JLL Philippines head of research and consultancy Janlo de Los Reyes said in a webinar.
“This is taking shape now and may redefine the real estate strategy of occupiers moving forward,” he added.
JLL director of commercial leasing Antonio Sabarre said that while most options are currently concentrated at the Cebu IT Park and Cebu Business Park, office spaces are available outside the central district.
This story is from the October 09, 2020 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 09, 2020 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
'Joker' character gives Lady Gaga inspiration for 'Harlequin'
‘Joker’ character gives Lady Gaga inspiration for ‘Harlequin’
Floods, landslides kill 129 in Nepal
Residents of Nepal's flood-hit capital returned to their mud-caked homes yesterday to survey the wreckage of devastating floods that have killed at least 129 people across the Himalayan republic.
64 dead after storm Helene slams US
Rescuers struggled on Saturday with washed-out bridges and debrisstrewn roads in the search for survivors of devastating storm Helene, which killed at least 64 people across five states and caused massive power outages.
Israel pounds Lebanon
Israel struck multiple targets in Lebanon on Sunday, pressing Iran-backed Hezbollah with more attacks after it struck a huge blow by killing the group's leader, Sayyed Hassan Nasrallah.
Manila Stars secure North fourth spot
Manila SV Batang Sampaloc pulled away after three quarters and never wavered to beat Zamboanga Master Sardines, 86-78, in the MPBL Sixth Season elimination round at the Olivarez College Gym in Parañaque.
Ardina stays one shot off pace
Dottie Ardina Dottie Ardina stayed on track in her hunt for a breakthrough title in the LPGA Tour as she ran just one shot off the pace going to the final round of the NW Arkansas Championship.
Tolentino pushes for Phl track cycling in UCI
Philippine Olympic Committee (POC) president Abraham.
Lady Chiefs in quick disposal of EAC foes
Arellano University barely broke a sweat in a 25-17, 25-16, 25-12 disposal of cold-hitting Emilio Aguinaldo College in the 2024 Shakey's Super League Collegiate Pre-season Championship yesterday at the Rizal Memorial Coliseum.
No love for Amores
Here we go again.John Amores has escalated his violent tendencies and has spilled over from fisticuffs on-court to armed attempted murder of rival Lee Cacalda off it. All told, this would be the fifth such incident of his brand of vigilante justice in the sport. But this crime takes the cake.
ARCHERS ROLL PAST TIGERS
After a stumble against University of the East, reigning champion La Salle made it two wins in a row by taming Santo Tomas, 88-67, to firm up hold of second spot in the UAAP Season 87 men's basketball tournament at the Smart Araneta Coliseum yesterday.