Bangkok Office Market Update 3Q-2021
Highly competitive market among new completions and surrendered spaces in old buildings
October 31, 2021
- Nichakamol Horungruang
- Leasing activity recovered in mid-2021.
- Vacancy picked up after slow leasing activity in new completions.
- Rents declined for the fifth consecutive quarter.
- High vacancy will further pressure rents downward.