For the majority of businesses the second highest overhead cost after payroll is rent, making it one of the most important factors businesses need to consider. The famous cliche about “location, location, location” being the three most important factors to a businesses’ success is very much grounded in reality.
Perhaps it’s a bit surprising, but Bangkok’s property market, along with nearly every other indicator of Thailand’s economy, continues to boom. This in the face of recent political instability, last year’s violent crackdown and what is increasingly looking like a global recession, and while all it takes is a trip to any one of the city’s malls to see the extent to which business is booming, the reality is the proliferation of new-start building projects is supply, rather than demand, driven. This is great news for tenants looking to cut costs!
When considering leasing office space, as with most everything else in life, it helps to have a professional on your side. Whether you’re expanding or contracting your space in Bangkok, or looking to find a new location or facility for your business in Thailand or the region, an experienced, professional Tenant Representative, (AKA “Tenant Rep”) will help negotiate the best terms and conditions for you.