. In 2019, the Visayan metro also ranked first in the most in-demand provincial locations.
The study showed that Cebu is a renter’s market, garnering 62.56% of pageviews and 60.65% of leads in the area. The finding suggests that the market may have considered more affordable housing solutions amid the economic woes brought by the pandemic.
Top Business Hub
According to the Lamudi report, Cebu remains popular amid the pandemic because of its business environment. It’s a top location choice for establishing entrepreneurial activities outside the capital region.
The Visayan metro has business districts that provide strong infrastructure to companies, with Cebu Business Park (CBP) and Cebu IT Park (CITP) among the most attractive destinations, especially for the information technology and business process management (IT-BPM) industry.
7,270 condo units seen finished in 2021
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Hotel occupancy seen remaining below 50%
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endIndex:
Metro Manila (CNN Philippines, December 23) With the pandemic further boosting the growing popularity of online shopping, the logistics sector might be set to reap the benefits of the shift to cashless transactions. With increasing competition in the retail landscape, mall operators need to differentiate and partner with logistics and warehousing providers to keep business afloat, noted Colliers International Philippines in its 2021 outlook report as retailers further tap the steadily growing e-commerce market.
Given this, the property consultancy firm forecasts a healthy demand for warehouses in the coming year, also noting the segment already accounts for 70 percent of the country s economic output along with the growth in storage investments in the Philippines.