Cebu
Queen City of the South
Description
Metro Cebu is comprised of three highly-urbanized cities - Cebu City, Mandaue City, and Lapu-Lapu City. Cebu City has emerged as a powerhouse of Visayas, having been home to several IT and business parks. Mandaue City is considered as the industrial hub of Cebu province and serves as the bridge from Cebu to Mactan Island. Lapu-Lapu City, which is dubbed as the "Historic Resort City" allocates about 20% of its land for tourism purposes. General business outlook has been positive within this metro as various infrastructure projects, including Metro Cebu Expressway and Cebu-Cordova Link Expressway, drive investment confidence.
TOTAL OFFICE SUPPLY (2020 H1 in sqm)
1,006,000.00
(Cebu City, Mandaue City, and Lapu-Lapu City combined)
2019 CMCI Ranking
Cebu City: 12th most competitive highly-urbanized city
Mandaue City: 17th most competitive highly-urbanized city
Lapu-Lapu City: 22nd most competitive highly-urbanized city
LAND AREA
Cebu City: 315 .00
Mandaue City: 34.87
Lapu-Lapu City: 58.1
POPULATION
Cebu City: 922,611
Mandaue City: 362,654
Lapu-Lapu City: 408,112
Real Estate Publications
Industrial Market Update 2020: Greater Metro Manila
December 03, 2020
PRIME Philippines covers the industrial property market in Metro Manila, Central Luzon, and CALABARZON
Industrial Market Update: Metro Cebu and Metro Davao
November 16, 2020
PRIME Philippines Research and Advisory presents the Industrial Market Update for Metro Cebu and Metro Davao
Philippine Property Market Report 2020H1
August 20, 2020
Months after the onset of the global COVID-19 pandemic, the Philippine real estate landscape has been greatly affected. In this market report, the performance of each real estate sector - commercial land, hotel, office, retail, industrial, and residential - are discussed.
