Bangkok office rents remain affordable

Real Estate December 07, 2018 01:00

By The Nation

7,188 Viewed

Though office rents in Bangkok have grown for the eight consecutive years since 2011, the city has remained one of the world’s most affordable premium office locations, according to data from the latest Premium Office Rent Tracker by global real estate consultant JLL.

Bangkok is the seventh most affordable premium office location in the world. The city offers annual premium occupancy costs (including rent, taxes and service charges) averaging US$42 (Bt1,378) per square foot, which is eight times cheaper than Hong Kong’s Central, the world’s most expensive premium office location. It is also one of the most affordable premium office locations in Asia Pacific, ranking fourth after Chendu, Manila and Kuala Lumpur.

LL’s Premium Office Rent Tracker (PORT), now in its fourth edition, crunches data on the achievable rent in the highest quality buildings in the premier office districts of 61 cities.