Research

Bangkok Office Market Update 1Q-2022

The quarter’s positive absorption and leasing volume provides a glimpse of a post-lockdown recovery.

April 30, 2022

Contributors:

Jeremy O’Sullivan (MRICS)
Nichakamol Horungruang

Highlights

Demand in recent completions drives the quarter’s positive performance
Two new prime projects opened with healthy pre-leasing rates
Rising capital values amidst flat rents
Outlook: In spite of an increase in overall vacancy rate, take-up is expected to be robust

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