Research

Bangkok Office Market Update 4Q-2022

Flight-to-quality demand strengthens in upcoming projects.

March 10, 2023
Contributors:
  • Jeremy O’Sullivan (MRICS)
  • Nichakamol Horungruang
Highlights
  • Solid pre-commitment rates in upcoming projects
  • Vacancy rate remains high in 4Q22
  • Rents remain flat while capital value slightly compressed
  • Outlook: Supply influx in 2023 is expected to surpass demand

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