Colliers International Thailand, in its latest Bangkok Office Market Report covering Q4 2014, and utilising its hands-on experience, has highlighted the 10 key mistakes that office tenants make which can prevent them from getting the best result from their real estate investment.
More importantly, these errors have the potential to have a significant impact on the bottom line of the company.
1. Beginning the negotiation of a renewal or new lease too late.
2. Lacking clearly defined business or real estate objectives.
3. Focusing exclusively on financial costs.
4. Failing to appoint a project leader as the internal single point of contact.
5. Making inaccurate estimations of the company’s space requirements.
6. Failing to leave enough time at the end of the lease to fulfil “make
good” obligations.
7. Acting too slowly once a decision is made, and consequently missing out on opportunities.
8. Agreeing to terms prior to obtaining a space planning perspective.
9. Failing to allow for expansion space.
10. Lacking the knowledge of future opportunities; often, the best deals are secured well in advance of space becoming available.
To read to full Colliers International Thailand research report click HERE.
Andrew Batt, International Group Editor of PropertyGuru Group, edited this story. To contact him about this or other stories email andrew@propertyguru.com.sg
