VOL. 10 ISSUE 173 164 • THURSDAY, FRIDAY-SATURDAY, NOVEMBER NOVEMBER 30, 201717-18, 2017
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Serving a seamless society
FOR THE BOOKS. The sixth edition of the ASEAN Jamboree breaks the previous record for the most-attended scouting event in the history of the scouting movement in the ASEAN region as 29,753 delegates from 13 different countries are participating in the event being held in Tagum City. Leo Timogan/CIO Tagum
UP FOR GRABS
Demand for office spaces shoots up to 88% Exploring Flavours T By JUDIE VEGA
he demand for office spaces in Davao has been averaging by 88% as of the third quarter of 2017, according to real estate service and consultancy firm Prime Philippines. In a study, Prime Philippines concluded that the current setting of the of�ice space market in Davao makes it an ideal investment spot for of�ice leasing. “Davao City is high-
ly-skilled labor market, extensive infrastructure network, and its competitive ranking is the key factors that make it a viable investment for of�ice expansion and the of�ice leasing business in proportion,”
said Raphil D. Saguan, associate for capital markets and investments. He added that the developments within the city will increase the demand for of�ice spaces. This rise in the of�ice space and other upcoming key factors will give investors and developers a foothold in the of�ice space industry. Saguan said that 88% of of�ice spaces in Davao City are occupied by different in-
dustries such as the business process outsourcing, professional services, and general services�irms. “Among the commercial districts of Davao City, the Poblacion area has the fastest take up at 95%. The Lanang-Bajada area and the Matina area, on the other hand, have 93% and 77% take-up rates respectively, “he said. Ruth Coyoca, senior asso-
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