Bonifacio Global City

KMC MAG GROUP fort bonifacio banner

BGC, Taguig, Metro Manila

Bonifacio Global City (BGC) is one of the premier business districts in the country today, along with Makati and Ortigas. KMC offers a wide variety of commercial office spaces for rent in BGC,  Taguig, Metro Manila, including private offices inside service office spaces and coworking space in flexible office spaces.  

Bonifacio Global City is a prime location for work and leisure because of the city's many landmarks. From a work-focused perspective, there are numerous Class A, PEZA-accredited buildings such as Sun Life Centre, Cyber Sigma, SM Aura Office Tower, and  Picadilly Star that offer companies numerousprivate offices and coworking spaceoptions. BGC also houses many of the Philippines'  economic drivers, such as the Philippine Stock Exchange and the main offices of various banks such as RCBC Savings Corporate Center,  Pru Life, Citibank, Maybank, and  Eastwest.  

BGC is also a major entertainment district, with many facilities and attractions geared towards providing a leisurely experience. Multiple shopping districts such as Bonifacio High Street, SM Aura Premier, Uptown Mall, and Market  Market surround the area. Dining establishments also reign supreme in BGC, with restaurants of every cuisine present at every corner for residents, employees and visitors to enjoy.  

KMC Savills offers an extensive inventory ofprivate office spaces and coworking areas within serviced officesthat are fully equipped with the latest in security and business technology for companies that are interested in setting up their business operations in the prime business district.

BGC Office Space Market

The market outlook for BGC is promising. As of 2Q 2018, despite the additional 60,000 sq m increase to BGC's Grade A office stock, the vacancy rate declined to 3.3% in 2Q/2018. With the tightening market conditions, the average rental rate grew by a quicker pace at 4.4% YoY to Php 952.1 per sq m / month.   

Vacancies are still expected to rise in the next 12 months due to the 272,000 sq m of new supply. Market absorption will continue during this period as demand for BGC offices is sustained. Rental growth may further accelerate as the vacancy rate is estimated to remain low in single digits.