Bangkok Office Market Update 1Q-2023

Demand concentrated towards new supply pressures older assets to restrategise.

May 15, 2023
  • Nichakamol Horungruang
  • Demand for new and recent completions strengthens
  • Vacancy increases to 19.9%
  • Rental growth accelerates in contrast to stable yields
  • Outlook: New supply in 2023 to exceed record high seen in 1999

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