A Growing Metropolis

 

Aside from tourism and trade, Metro Cebu’s two major districts – the Cebu Business Park and the Cebu IT Park – have been important hubs of investments and business activities. From 215,800 sqm of office stock in 2009, both districts have reached 740,500 sqm of office space today, accounting for 56% of the market in Metro Cebu.

Two new districts are rising: the Cebu South Road Properties and the North Reclamation Area, the latter seeing a resurgence of developments. Both areas have at least 87,700 sqm of office space in the pipeline.

Investments continue to come into the tourism and hospitality sector, with 2,500 hotel rooms in the pipeline. Improvements in infrastructure in Metro Cebu will drive greater developments and economic activities in the urban area.

 

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