The concept of office condominiums has long existed, but today we rarely come across it in the market. The majority of office supply in Bangkok is single ownership, which means the building is wholly owned by the landlord with office space available on a rental basis. Office condominiums, on the contrary, offer outright ownership structure as a condominium project.
According to the world’s largest commercial real estate advisor CBRE, the CBRE Global Office Rent and Global Capital Value Indices held steady in Q4 2011, increasing by only 0.48% and 0.44%, respectively. Compared with year-end 2010, the indices measured increases of 5.0% for Global Rent and 8.2% for Global Capital, reflecting stronger growth in the first half of 2011.