Research

Bangkok Office Market Update 2Q-2022

Leasing activity improves in recent completions, yet aged assets suffer from flight-to-quality.

August 15, 2022
Contributors:
  • Jeremy O’Sullivan
  • Nichakamol Horungruang
Highlights
  • Flight-to-quality trend became increasingly clear in recent completions
  • Vacancy compresses as recent projects fill up
  • Recent completions command premium rents
  • Outlook: Rising vacancy from upcoming completions pressuring yield

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