Research

Bangkok Office Market Update 3Q-2022

Market activity flat. Minimal net absorption concentrated into new buildings

November 15, 2022
Contributors:
  • Jeremy O’Sullivan
  • Nichakamol Horungruang
Highlights

  • Net absorption driven by occupier relocations into recently completed office buildings

  • Stable vacancy amidst market recovery

  • Rents picked up as demand recovered

  • Outlook: Supply surge to be a key vacancy driver

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