Post by account_disabled on Jan 1, 2024 7:45:56 GMT
According to the latest edition of the Global Prime Office Occupancy Costs report by CBRE Research, a global real estate consulting company, it was found that a survey of prime office buildings in 122 cities across World Office space rents in Bangkok are ranked 86th in the world, with the average rent for leading offices at 1,208 baht per square meter per month. and is ranked 46th in the office building market with annual rental growth. Office tenants continue to look for high-quality space in cities with strong infrastructure and amenities despite the global economic slowdown in Q1 2019 and concerns about the trade war. Between the United States and China, the competition to attract talent by creating a good working environment remains fierce. And because in various cities There is a limited amount of office space and not many new office buildings being built. As a result, the rent for leading office space is at an all-time high. Rents continue to rise despite tenants around the world placing space maximization and cost management top of mind. An ongoing challenge for tenants is owning quality, strategically located office space that meets their needs. of employees who have more At the same time, expenses must be controlled.
which is considered to be that area Whether they can promote efficiency and Email Data create a better user experience has become increasingly important. Office building market in Bangkok It is in the same direction as other markets in the world. There are only a handful of the best grade A leading office buildings in the central business district or CBD. Can be rented out at a price that is significantly higher than the average rent. Not only are these buildings in prime locations, but they also have better amenities than competing buildings, such as air conditioning, elevators, and energy efficiency. and many other factors, the highest rentable office building in Bangkok is the Gaysorn Tower building at 1,500 baht per square meter per month. Next is Park Ventures Building at 1,300 baht per square meter per month. This is followed by Bhiraj Tower at EmQuartier at 1,250 baht per square meter per month. This is higher than the average rent for Grade A office buildings in the CBD at 1,040 baht per square meter per month for small office rentals.
However, the rate of rent increase has slowed over the past 12 months. The supply of new office space will be limited until 2021, but after that the supply will exceed record demand growth. Many of the new buildings will be of very high standards in terms of design. Selection of materials and facilities For renters Many companies are incentivizing the upgrading of office spaces to create flexible workspaces (Agile Workplaces), where employees don't have their own desks and staffing density increases. Therefore, building owners will need better elevators and air conditioning systems to accommodate the additional workforce. Moreover, employees still need various facilities. Better than before And if the company wants talented employees to come work as well. The company must make the office the most pleasant environment to work in. The question that remains unanswered is how many office tenants will be willing to pay rents that are higher than the average rent for Grade A office buildings. to lease space in a better quality office building and how much the increase in rent will increase. Note: CBRE's definition of prime office space rent is expenses (rent, taxes, local and service fees) to rent quality office space in the best locations in each city. The cost of prime real estate can be a barometer of the high end of the market. or sometimes the broader market. Click here to read the full report.
which is considered to be that area Whether they can promote efficiency and Email Data create a better user experience has become increasingly important. Office building market in Bangkok It is in the same direction as other markets in the world. There are only a handful of the best grade A leading office buildings in the central business district or CBD. Can be rented out at a price that is significantly higher than the average rent. Not only are these buildings in prime locations, but they also have better amenities than competing buildings, such as air conditioning, elevators, and energy efficiency. and many other factors, the highest rentable office building in Bangkok is the Gaysorn Tower building at 1,500 baht per square meter per month. Next is Park Ventures Building at 1,300 baht per square meter per month. This is followed by Bhiraj Tower at EmQuartier at 1,250 baht per square meter per month. This is higher than the average rent for Grade A office buildings in the CBD at 1,040 baht per square meter per month for small office rentals.
However, the rate of rent increase has slowed over the past 12 months. The supply of new office space will be limited until 2021, but after that the supply will exceed record demand growth. Many of the new buildings will be of very high standards in terms of design. Selection of materials and facilities For renters Many companies are incentivizing the upgrading of office spaces to create flexible workspaces (Agile Workplaces), where employees don't have their own desks and staffing density increases. Therefore, building owners will need better elevators and air conditioning systems to accommodate the additional workforce. Moreover, employees still need various facilities. Better than before And if the company wants talented employees to come work as well. The company must make the office the most pleasant environment to work in. The question that remains unanswered is how many office tenants will be willing to pay rents that are higher than the average rent for Grade A office buildings. to lease space in a better quality office building and how much the increase in rent will increase. Note: CBRE's definition of prime office space rent is expenses (rent, taxes, local and service fees) to rent quality office space in the best locations in each city. The cost of prime real estate can be a barometer of the high end of the market. or sometimes the broader market. Click here to read the full report.