Marcus Burtenshaw, Knight Frank's executive director and head of the commercial agency department, said the office market will face a shortage within the next two years which would result in a continuing rise in rental rate. 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%. The company has also been expanding its presence outside Bangkok with a new office building on Bangkok's outskirts.