Location is a key factor in real estate investment. If you’re looking to start a new business or relocate an existing one, picking the right spot is imperative. The same goes for planning to expand or move. In the U.S., Dallas is a booming real estate and business hub, while international cities like Bangkok also offer prime locations that have drawn in many big companies.
It’s easier to find Bangkok office for rent options compared to other cities in Thailand. If you’re planning to move or start a business, here are some things to keep in mind when choosing a location or setting up a business in this city
1. It Means Better Accessibility
First and foremost, you want it to be easy for your staff to find their workplace, but it’s just as important for customers to do the same. You also need to think about your suppliers because if you need frequent deliveries, they’ll only provide the service if you’re easy to reach.
2. Take Advantage of the Competition
There are two ways to look at this. You might think it’s better to be far from your competitors so you can do business without direct competition. On the other hand, having competitors nearby lets customers compare quickly, and they’ll return to your store because you’re the cheapest and the best.
3. A Much Wider Employee Base
No business can operate successfully without surrounding itself with the right employees, and your location plays a huge role in this. If your business is in a small town outside the main city, it may be hard to attract the right people to work for you. In Bangkok, where the infrastructure is excellent, shopping is everywhere, and accommodation is affordable, you’ll have a much wider pool of people to choose from.
4. There’s Great Potential For Growth
By setting up your business in the city, you’re creating more opportunities for yourself, especially if your business relies on passing traffic, where footfall is high. This brings more chances for walk-in customers, and word-of-mouth will spread more easily. The infrastructure is already in place, so when your business starts to grow, you’re in the right spot.
5. So Many Networking Opportunities
The city is home to thousands of businesses all in one place, which makes networking much easier. It’s important to expand your professional network so you can make the right connections and bring in more business. Depending on what you’re selling, having other businesses nearby that offer related products means customers can come to one area and get everything they need quickly and easily. There’s also a local department of commerce you can join to meet with other business leaders and discuss new ideas from time to time.
Hopefully, you’ll start considering Bangkok for your new business premises. Rental properties are much more affordable than many expect, and compared to other cities around the world, Bangkok is a clear winner. Whether you’re just starting out or relocating, you want your business to hit the ground running, so setting up in the city simply makes good business sense.