Research

Bangkok Office Market Update 2Q-2023

Rising demand for high-quality spaces boosts the prime market.

August 14, 2023

Contributors:

Nichakamol Horungruang

Highlights

Robust leasing activity concentrates in new projects
Prime vacancy rate remains high after new completion
Prime rents rise modestly while capital values stabilise
Outlook: Supply influx to accelerate the rising vacancy rate

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