Co-working space firm KMC Solutions (KMC) expands its local footprint with the opening of a new office with a capacity of 2,000 seats at One Ayala Tower 2 next month. This will make the new Ayala location KMC’s largest development in 2022.
The new KMC site will occupy six floors, from the sixth to the eleventh floor, at the PEZA-accredited building in Makati City. The new offices will have a total floor area of 10,663 sq m.
“Our One Ayala site will be a boon to investors who are looking to take advantage of the incentives afforded by PEZA and individual employees who want convenient access to transportation hubs and food and retail establishments,” said Gian Reyes, VP for Marketing, KMC.
A number of developments are also scheduled to be opened in the fourth quarter of 2022. Among these is a serviced office with 361 seats and 2,047 sq m. of floor area at Axis Tower 1 in Alabang. In Cebu, a 1,301-seater coworking space occupying 7,251.2 sq m. is being built at Lexmark Plaza 1, with a planned launch in December.
Earlier this year, the company completed a 1,150-sq m. coworking office at Skyrise 4A with 205 seats. KMC will end the year with a total portfolio of 121,487 sq m, of floor area and 23,008 seats in 28 buildings across the country.
According to the firm, while sectors like BPOs have warmed up to work-from-home arrangements, a growing number of companies are gravitating towards a hybrid setup, which mixes onsite reporting and remote working.
“We no longer have to suffer hours in traffic to get to the office,” Reyes said. “Deconsolidation is the way to go. By having access to many coworking spaces, we enable flexibility and convenience while ensuring productivity and efficiency.”
KMC is also banking on the social aspect of work, stating that the fact that people are “wired” to seek companionship has become an important point of consideration for companies when choosing a workspace.
The company’s One Ayala site was designed to further nurture this trend. Featuring both traditional workstations and shared spaces, the site supports diverse work styles and allows for more opportunities to collaborate with other tenants.
Reyes said that despite traditional commercial spaces struggling with double-digit vacancy rates, KMC is bullish on the growth of its segment as the market’s attitude towards work continues to evolve.
“With the changing needs of both employers and employees, we are confident that the market demand for flexible spaces will continue to grow,” he said.