The economic indicator that gauges the way consumers interpret the current economic environment and expectations is called consumer confidence.
In the first quarter of 2019, it was reported that consumer confidence has improved according to the quarterly Consumer Expectations Survey (CES) of the Bangko Sentral ng Pilipinas. This was observed across three indicators, namely: family financial situation, household income, and the country’s economic condition. This positive outlook was mainly due to the improvement of peace and order, growth in terms of job availability, and expected increase/high income.
The increase in consumer confidence will support the growing demand of the retail sector in the Philippines. With this, the demand for retail spaces is also on the rise. Metro Cebu has seen a growth in retail gross leasable area (GLA) by 45% since 2014 as a result of the continuous expansion of the BPO industry in the city. The influx of employed professionals that live and work within the metropolis also contributes to the demand.
This opportunity has paved the way for Innoland to develop Montage, a 12,562 square meter commercial complex situated at Archbishop Reyes Avenue, Cebu City. Its first tower, One Montage, offers leasable office and retail spaces. The lower ground floor up to the 3rd floor will house a mix of local and international retail brands. Highlighting accessibility and convenience, One Montage will become the newest lifestyle destination with its wide array of stores. Be part of the newest iconic hub of Cebu City by contacting us at email@example.com or by sending us a message directly through Innoland Facebook page.
Visit our website to know more about Montage. http://innoland.com.ph/properties/montage/