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Bacolod City, Philippines Tuesday, January 9, 2018
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‘Bacolod a growing hub
for flexible workspace'

Bacolod City is among the key cities in the country predicted to be a growing hub for flexible workspace in the country, a study from a global research firm said.

In their Top 10 Predictions for 2018,Colliers said Bacolod is expected to be a growing hub for flexible workspace that are usually taken up by start-up companies, law firms, Fortune 500 companies, and freelancers.

Flexible workspace in the country will accelerate this year, Colliers research said, as it became the norm in working in the 21 st century.

As the tenants vary in terms of sectors where they belong, the research also said that the occupier demands will change “sharply”, requiring more flexible office spaces over the near to medium term.

Colliers also reported that partnerships among stakeholders in the flexible workspace industry, including operators, developers, industry experts, even schools, and F&B establishments, will also be visible as it grows in various key cities in the country, including Metro Manila.

Apart from Bacolod, growing hubs for flexible workspace are Iloilo and Davao, Colliers said.

Meanwhile, Colliers also said that the 3- and 4-star hotels in resort destinations in Bacolod will also grow in the next two to three years from now.

This prediction is anchored on new airport infrastructures that must be put up to expand both local and foreign tourist visits.

Earlier, the research firm had already noted that the upgrade of the Bacolod-Silay International Airport is needed to boost tourist visits in Bacolod and Negros Occidental, roughly up to 10 percent.

Colliers noted that Bacolod is a potential ‘jump-off' destination going to Luzon and Mindanao, together with other key cities in the Visayas, like Iloilo and Cebu.

Their recent research also said that the expansion of international airports in major destinations, such as Bohol, Bacolod, Iloilo, and Davao will allow foreign tourists to bypass Manila.

Building of budget hotels in the city to cater to the growing domestic market, driven by millennial travelers, is also urged by Colliers. *MLG

 

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