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