AEC to boost demand for ‘green’ offices

The demand for “green” offices in Thailand will grow when the ASEAN Economic Community (AEC) comes into effect in 2015, as more multinationals setting up regional operations will opt for renting such facilities rather than normal office buildings, according to an expert.

Improving property standards for the Asean Economic Community

More companies from Asean and other countries looking to set up business operations or regional head offices in this new economic community may choose Bangkok as a hub because of a number of advantages that the city has to offer.

Bangkok office rents reach 20-year highest

Bangkok office rents reached their highest levels last year, surpassing the previous peak in 1992, says a report by CB Richard Ellis (Thailand) or CBRE, the international property consultancy firm.

Bangkok Office Rents at 20-Year High | Thailand Property News

Office vacancy in Asia Pacific continued a slow decline in Q1 2012, however, this trend is likely to end in Q2, given slowing occupier demand and new supply coming online across the region, according to the latest Asia Pacific Office MarketView report published by CBRE,

Possible Signs of Movement in Office Condominiums Market

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.

Bangkok Office Rents Reach Highest Levels in 20 Years (CBRE)

Bangkok office rents have been among the lowest in the Asia Pacific Region along with Wellington, Manila and Jakarta. Grade-A rents in Hong Kong are 7.5 times more expensive than Bangkok, while Singapore and Mumbai are four times more expensive.

Emerging South East Asia Countries drive Office Market

A dominant theme is the strong occupier demand in emerging South East Asian economies, which is driving rental growth. Jones Lang LaSalle is forecasting 6 to 8 percent growth in grade A office rents in Jakarta this quarter and 3 to 5 percent in Manila.

Global Office Rent and Capital Value Stable in Q4 2011(CBRE)

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.