Regus Davao nears 100% occupancy

Reuel John F. Lumawag

THE Davao City branch of Regus, an international workplace provider, is almost fully occupied as it hits a 96 percent occupancy last 2017.

This was bared by Damosa Land Inc. vice president Ricardo F. Lagdameo during a recent media round table on the updates of the company's projects.

In an emailed statement to SunStar Davao, Lars Wittig, Regus Philippines country manager, said their Davao City branch at the Damosa IT Park is mainly serving those that are into business process outsourcing, real estate property, start-up companies, those who work remotely, and freelancers.

"We attribute this high occupancy to the economic growth in Davao, which outranks Metro Manila. In fact, it is even higher than the national economic performance last year," Wittig said.

He added that another factor for their high occupancy is investor's trust in Davao City.

"The visible economic growth keeps our investors confident, hence, the continuous support we get from them," Wittig said.

He said another factor is the business climate is slowly becoming favorable as the companies are understanding the value of flexible working, the cost savings behind it as well as the productivity of its workforce.

"Moreover, our services ensure business continuity for our clients in case of natural disasters and unfortunate events," Wittig said.

Despite the high occupancy of their first branch in Mindanao, he said that they cannot divulge any plans yet on further expanding in Davao City or Mindanao.

"But one thing is for sure: Regus Philippines has already added 21 centers in only a span of seven years. We are always looking for prospect locations in the country, even in areas people do not consider. We always say that as long as there's a gasoline station, there's an opportunity," Wittig said.

It can be observed that flexible workspaces have recently become a growing trend in the industry.

"The way we work is changing. Companies are expanding internationally, and technology is helping employees stay productive regardless of where they are. With services like ours, it is now easier to set up an office in major business hubs around the country without the capital outlay. We expect this trend to gain further momentum this year as more employers and employees see the value in a flexible work set-up," Wittig said.