KMC Solutions expects new private office spaces in Clark, SM North Edsa

Published on 4/2/2024 by BusinessWorld

KMC SOLUTIONS, a provider of flexible private and co-working office spaces, said it targets to introduce new private office spaces in Clark and SM North EDSA this year.

The Clark project, comprised of private office spaces and a penthouse, is scheduled for completion by June, KMC Solutions Co-founder and Chief Executive Officer Michael McCullough said in an e-mail interview with BusinessWorld.

Meanwhile, the single-floor private office space at SM North EDSA is expected to be finished by July or August, Mr. McCullough said.

He said KMC is bullish on the expansion of the shared space sector. It aims to focus on management contracts and joint ventures as a response to the continued demand for flexible workspace solutions.

The company has maintained an average of mid-80% occupancy rate and a growth of 5-10% in occupancy in 2023 from a year ago, he said.

In addition, approximately 105,000 square meters of total office space were rented and leased to various companies in the same year, according to KMC.

There is a continued and growing demand for co-working spaces or “proworking,” but private offices remain a popular choice among clients, it noted.

A “proworking” office offers a flexible and cheaper space for individuals and businesses, an alternative to traditional office spaces.

According to Mr. McCullough, key central business districts like BGC, Makati, Cebu, and Pasig were observed to have a strong market for flexible workspace solutions in 2023.

He said the company is looking for new locations outside Metro Manila to meet the client needs in provinces and emerging cities.

“While the business outsourcing sector is a significant part of our clientele…we have clients ranging anywhere from tech to healthcare,” Mr. McCullough said.

KMC Solutions has 27 office space branches in Makati, Ortigas, Mandaluyong, Bonifacio Global City, Alabang, Pasay, Clark, Cebu, and Iloilo.

In March, KMC announced it became the fifth company in the country to secure a B Corp Certification from the non-profit B Lab.

The award merits the company’s commitment to social and environmental responsibility.

Source: KMC Solutions expects new private office spaces in Clark, SM North Edsa