Thai-based co-work space operator, Hubba, which turns unused areas in homes or business premises into income sources and co-working space, aims to have 50 locations by year-end. Amarit Charoenphan, the firm's co-CEO, said demand was strong for such space near mass transit lines, where occupancy rates exceed 90%. The company has also been expanding its presence outside Bangkok with a new office building on Bangkok's outskirts.
Thai-based co-work space operator, Hubba, which turns unused areas in homes or business premises into income sources and co-working space, aims to have 50 locations by year-end. Amarit Charoenphan, the firm's co-CEO, said demand was strong for such space near mass transit lines, where occupancy rates exceed 90%. Knight Frank’s head of commercial agency in the region, Marcus Burtenshaw, said there will be a shortage of office space within the next two years, continuing to push rental rates higher.