1m square meters of office space

COLLIERS International Philippines sees Cebu’s total office supply breaching one million square meters (sq.m) this year.

The rise of offshore gambling in the country is seen to drive leasing activity in Cebu’s office sector, the research firm said.

In a study conducted by the firm, offshore gambling accounted for almost 25 percent of recorded transactions of Cebu’s office sector in 2017. Total office transactions reached nearly 107,000 sq.m last year.

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