Corporate real estate is a type of asset management focusing specifically on properties used by businesses for operations, such as offices in Bangkok’s business districts like Sathorn and Sukhumvit. This differentiates corporate real estate from residential real estate, which targets properties for living, such as condos and houses.
Corporate real estate also stands apart from industrial real estate, which includes factories and warehouses, by its focus on commercial use and client-facing locations.
Three popular features specific to corporate real estate in Bangkok include high-rise office buildings, such as the Mahanakhon Tower, offering prestigious addresses; retail spaces within business complexes, like those in Siam Paragon, catering to high foot traffic; and Grade A buildings providing advanced technological infrastructure.
Common features across these properties involve strategic locations near Bangkok’s mass transit systems, comprehensive security systems, and integrated building management systems.
Unusual features in Bangkok’s corporate real estate market include rooftop gardens in buildings like the EmQuartier, which offer leisure and event spaces; automated parking systems found in newer developments; and art installations in lobbies and public areas for aesthetic and branding purposes.
Unique features of corporate real estate in Bangkok comprise adaptive reuse projects, where historical buildings are transformed into modern office spaces, exemplified by the transformation of colonial-era properties along the Chao Phraya River. Another unique feature involves the integration of hospitality services in office buildings, providing concierge services and executive lounges.
There’s the emergence of co-working spaces within corporate buildings, like those in The Hive and JustCo, reflecting a shift towards flexible work environments.
Comparing corporate real estate to similar concepts, the distinctive focus on providing spaces that enhance business operations and client interactions sets it apart. While industrial real estate prioritizes logistical efficiencies and residential real estate focuses on living conditions, corporate real estate in Bangkok emphasizes location prestige, operational facilities, and a work environment that fosters corporate identity and culture.
For further details on terminologies used in this overview, one can consult the glossary about Bangkok real estate.