Considerations in Getting Office for Rent in Thailand

Thailand is one of the countries in Southeast Asia with booming economy and thriving business centers. Aside from the abundance of natural resources, producers of raw materials for various industries also exist in the country. Neighboring nations with economies that are just as flourishing may also work on the advantage of businessmen. Laws in Thailand,…

Thailand is one of the countries in Southeast Asia with booming economy and thriving business centers. Aside from the abundance of natural resources, producers of raw materials for various industries also exist in the country. Neighboring nations with economies that are just as flourishing may also work on the advantage of businessmen.

Laws in Thailand, however, disallow expatriates to own a whole enterprise. They may invest in buying some stocks from a company or co-own a business with a local, but claiming full ownership of an enterprise is not allowed in the Thailand.

This makes it impractical to buy commercial spaces in the country. But they have the option to look for an office for rent in Thailand to enjoy the perks of having a staple place.

Note that looking for decent a leased space could be a little daunting for foreign businessmen, especially when they are targeting locations within the business district area, given that most of the prime spots are already bought by locals. Most of the offices for rent are also pricey but not too spacious.

In 2004, commercial spaces in the central business district of Thailand are rented out at 400 to 550 baht per square meter. The price has surged to 750 to 900 baht per square meter in early 2012.

Moving out in the suburbs can let entrepreneurs enjoy a hundred baht less than the usual rent rates from prime areas, but the location may not be too amiable for some enterprises. Although the spots outside the city are already occupied by modern offices, shops and restaurants, business people here have always ranted about the difficulty of ensnaring more clients – simply because they can not establish a strong visibility and accessibility.

Suffice to say, in deciding to get an office for rent in Thailand, the budget and the location should be weighed in by the entrepreners. Budget-able enterprises who can afford to secure a spot in large places and prime areas in the city should consider the spaces, traffic, and noise. On the other hand, those who chose to be rooted in the suburbs should think about ways to lure in more customers despite the limitations bought by their locations.

The most effective way to thrive in an area outside the business central district is to choose a location near the expressway. The rate of rent per square meter may be higher when the business is closer to the most popular locations, but there are greater profit potentials in these places.

Another sound strategy for enterprises in the suburbs is to choose serviced commercial spaces. Doing so would let the businessmen eliminate the need to spend a fortune in buying office equipment and tools. This should also be practical for businesses that need frequent relocation.

The price of renting a serviced space is obviously higher – at 800 to a thousand baht a month – but the payment of electricity and other amenities are already included in the package. Compared to the amount of money that should be spent in purchasing computers, desks, and other office must-haves, services office for rent in Thailand would appear cheaper and more practical.