Types of Offices for lease

TYPES OF OFFICE BUILDINGS 1. Bangkok offices can be segmented into two different types. Single Ownership Most office developments are high-rise purpose-built properties, owned and operated by a professional office landlord.   Multiple Ownership There are also a limited number of multiple ownership office developments, known as office condominiums in Thailand and in other countries as strata title offices. Those premises have been sold to individual owners. The main difference is the management of the property where a management company, supervised by a committee of co-owners, manages the common areas. The individual owners are responsible for the maintenance of their own office units. 2. Classification of Office Buildings CBRE Thailand defines grade A offices as having the following characteristics: A floor plate with a regular shape and without structural encumbrances, which can be easily subdivided An air-conditioning system with a central chiller and variable air volume, rather than a constant air volume from a water-cooled system. There should be a separate 24-hour air-conditioning supply for tenants’ computer rooms Lifts with low wait time. Lifts should be allocated to different floor zones. A separate service lift with its own lobbies should also be provided The common areas, particularly the main entrance and floor lobbies, should have an impressive design, and high-quality fittings and decoration Ceiling heights inside offices should be at least 2.7 metres Professional building management Car parking layout should have smooth and efficient entry and exit routes There is also a broader class of popular and successful office buildings in Bangkok, which CBRE Thailand classifies as grade B offices. These might be seen as of lower quality but they benefit from good locations, which may offset other factors. Tenants that are prepared to take space in lower quality buildings will benefit from lower costs of occupation.