Bangkok property house owners should replace their older workplace spaces now to take care of renters and modify to changing consumer habits. Renovations and upgrades of older amenities are necessary within the face of lower demand and elevated competition, as local builders plan to introduce greater than 2 million sq. metres of new office spaces between 2022-2026.
Owners of ageing office buildings in good areas ought to update their properties by introducing services like cafes, fitness centres, and adding technology to the bogs, a chairperson of property marketing consultant JLL Thailand informed the Bangkok Post.
“Office market competition will improve due to a number of factors, not solely a rise in the vacancy price of present provide during Covid-19 but in addition an inflow of future supply slated for the subsequent five years.”
As of 2021, Bangkok’s combined workplace area was estimated to be round 9.9 million square meters. In the next 5 years, roughly 440,000 sq. meters of new buildings are projected to be constructed per yr, totalling 2.2 million square meters by 2026.
In the previous two years, the brand new yearly provide has risen dramatically, reaching 470,000 square metres in 2021 and 350,000 square metres in 2020. โซล่าเซลล์ราคาถูก , workplace gross sales dropped to 70,000 sq. metres, accounting for lower than half of the pre-pandemic norm of one hundred forty five,000 sq. metres per yr from 2014 to 2019.
Since some office staff may be anticipated to return to actual locations a few occasions every week, it has been really helpful that present office buildings adapt by introducing facilities such as improved workstations in communal areas.
“People’s lifestyles and behaviours have modified because the pandemic. To comply with fast-changing technology and social distancing, they shifted to work at home or from anyplace exterior the workplace.”
As a result of the declining gross sales, the vacancy fee elevated from less than 10% between 2015-2020 to 15% in 2021. The average month-to-month rent of places of work in all levels fell 1.3% to 618 baht per square metre last year as a end result of increased availability and decrease demand..