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Advances in technology, a more mobile workforce, and unpredictable economic growth are starting to reshape the business environment and transform occupiers’ approach to office space decisions.
In the Bangkok office market, a traditional three-year lease with options to renew and the tenant fitting out the space remains the typical way of leasing office premises for most occupiers. Multinational firms, however, with offices in different countries, are increasingly looking for flexible lease terms as real estate costs continue to be one of their major concerns.
Companies are also looking at agile working where staff no longer have allocated desks and, in some cases, it is easier to get third parties to design, build, and operate this space rather than companies doing it themselves.
Some of the current pricing being offered by coworking space operators is very competitive and the cost combined with flexibility is making leasing from thi…
The top residential and commercial real estate news of the week – 24 June 2019
NCC counts on stopgap events hallBangkok PostNCC Management & Development, the venue management firm and operator of Queen Sirikit National Convention Center, expects a new convention hall at Samyan Mitrtown to offset income lost while rebuilding QSNCC.
Property Perfect sells over 50% of YU KiroroBangkok PostProperty Perfect showcases the sale of its first condominium project in Japan, “Yu Kiroro”, marking the milestone sales of 1.8 billion baht, or over 50% of available units.Building for a rapidly changing society
The NationHomebuyers are changing their purchase behaviour, demanding that residential buildings be designed with the facilities to serve people of multiple generations, especially innovations…
Building to a slowdownBangkok PostThe Thai property market is expected to continue slowing in the remaining months o…
The retail industry is undergoing one of the most profound periods of technological transformation in history.
The evolving retail landscape and consumers’ changing behaviour has led to the emergence of new retail formats and adoption of new technologies. Traditional retailers are continuously being forced to evolve and invest in digital transformation.The growing future supply in Bangkok will put more pressure on older centres to renovate and upgrade in order to remain competitive
As of Q1 2019, the total retail supply in Bangkok was almost 7.8 million square metres according to CBRE Thailand, increasing by 3.70% Y-o-Y. The total new retail supply in the whole year 2019 will be one third higher than total new supply last year.
And by the end of 2021, we expect that the total retail supply will exceed 8 million square metres, with the majority of the increase being in large mixed-use developments in the downtown area.…