Bangkok Office Market Update 4Q-2021

Vacancy continues rising due to weak demand amidst pandemic.

January 31, 2022
  • Jeremy O’Sullivan (MRICS)
  • Nichakamol Horungruang
  • Weakest quarterly for-lease demand recorded since 2008
  • New high-quality buildings complete in the quarter
  • New completions achieve highest rents in the market
  • Outlook: High competition should further compress rents and market yield

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