Davao-based property developer Damosa Land Inc. (DLI) and flexible workspace provider International Workplace Group (IWG) sees hybrid working to be the future of office spaces.

“The future of office spaces, it’s truly going to be hybrid working. We do still have our permanent offices but we also believe that flexible workspaces will start to make up a bigger percentage of our total office portfolio,” DLI First Vice President Ricardo Lagdameo said in a virtual briefing on Tuesday.

Lars Wittig, IWG country manager for Philippines, Thailand, Vietnam, Cambodia and South Korea, also said they see a “big shift” toward hybrid working.

“The future of work is in the hybrid model. With the pandemic or not, the demand for flexible workspaces in the provinces has been growing tremendously,” Wittig said in a separate statement.

“Employees have a clear preference for flexible working with its work-life balance benefits and both local and multinational companies recognize the role it plays in securing and retaining the best talent,” Wittig continued.

DLI and IWG signed a franchise partnership agreement last year, which will allow DLI to develop and operate eight IWG centers across Mindanao.

IWG first partnered with DLI for the Regus Damosa Topaz Tower, which served as the first flexible work center in the region.

The company said it has been rebranded as HQ Topaz to mark its first HQ center and one of the largest IWG centers in the Philippines.

“Our solid partnership with IWG allows us to bring the world-class benefits of flexible working to the businesses and professionals in Mindanao. Our strong partnership has been built on shared values and drives to succeed, and this will further remain especially with the guidance of IWG’s global brand equity and resilient business model,” Lagdameo was quoted as saying.

IWG operates flexible workspace brands Regus, Spaces and HQ.