26 Aug Retailers Find Success In Bangkok’s Office Buildings
The demand for retail space in office buildings is growing as restaurants, convenience stores, fitness clubs, and beauty salons see these as an ideal place to open new outlets, according to JLL. While retail rents in office buildings vary, due to the limited supply, it is usually more expensive than office space in the same building.
Food and beverage outlets and banks prefer to take up retail space on the ground floor of office buildings. Popular coffee shop brands such as Starbucks, Au Bon Pain and Cafe Amazon have moved into office buildings in droves while convenience stores have begun taking up retail space in these buildings as well. However, many companies are still cautious before selecting a retail space.
At the moment, retail space in most of Bangkok’s prime office buildings is full or close to being full, according to JLL. There is some space available in newly completed buildings or under-construction office development projects. Even with limited supply available, demand from retailers will likely remain strong.