Several companies in Cebu, Philippines are adopting the “flight-to-quality” strategy to move into newer and larger buildings in order to build a healthier work atmosphere.
“While occupiers may initially think that relocating to a new and better quality building is more expensive, they must understand that there are more benefits in the long term in the form of lower attrition, better employee engagement and higher retention, which result in higher productivity,” said Gerard Padriga, Cebu general manager at Colliers International.
Cebu’s office market has continuously evolved over the past few years due to the growing amount of outsourcing businesses.
Choosing the right office and location can make or break a business. This can allow them to maximize their space, install better air-conditioning to improve the air quality, reinforce their branding and create an environment that helps employees produce their best work.