Despite setbacks in Q1 2022 due to the Omicron Covid variant, the IT-BPM sector is expected to continue expanding in 2022 to 1.8 million Full-Time Employees (FTEs) from 1.69 million FTEs in 2021—with both Metro Manila and provincial locations benefiting from the sustained growth, according to a recent study of Leechiu Property Consultants (LPC).
Keenly anticipating that growth are building owners like Johndorf Ventures Corporation, a leading developer in the Visayas-Mindanao region all set in 2023 to complete its LEED- certified Johndorf Tower at the Cebu Business Park, a preferred destination for both IT-BPM, multinational and local firms on expansion mode.
Firms operating in VisMin observe that 2021’s Covid lockdowns had less of an impact on economies in the South where most workers have already returned to the office. They are thus better prepared to make the most of opportunities such as a high projected demand for office spaces in the next six months throughout the country. The LPC study notes that live requirements for office spaces likely to be completed in the next two quarters are among the highest they have ever been in any quarter since the pandemic began.
Johndorf Tower’s unique attraction is that it will be the first building to be completed from now up to 3Q 2023 in the prestigious Cebu Business Park, the most established masterplanned business district in the Visayan metropolis. It will offer a gross leasable area of 17,860 sqm. and floor plates which typically measure 1,400 sqm.
Both IT-BPM, multinational and expanding local firms are further attracted to Cebu among other provincial capitals because of its rich labor pool and infrastructure including an efficient electric grid independent of Metro Manila’s. Moreover, Cebu’s proximity to well- known tourist destinations like Mactan, Bohol and Dumaguete make it more attractive to executive decision-makers.
Johndorf Tower is located on CBP’s main thoroughfare, Mindanao Avenue, and is easily accessible to transport lines servicing all the major residential areas of the city. It is also a short stroll away from all the retail and dining choices of Ayala Center Cebu regional mall. Both local and foreign firms currently competing for the loyalty of employees can count on Johndorf’s location as an added factor towards employee retention.
Moreover, Johndorf Tower offers a healthy work environment. Its LEED silver certification assures employers that its building design maximizes natural lighting and minimizes the need for air-conditioning. Building occupiers can further look forward to lower operating costs due to building features that ensure efficient energy and water consumption. Developer Johndorf Ventures Corporation established its real estate track record through the sales of over 15,000 residential units in cities like Iligan, Cagayan de Oro and Davao.
It also has a township in Cebu. Johndorf Tower is its first office project, timed to make the most of opportunities offered by post-pandemic economic recovery.