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