Research

Bangkok Office Market Update 4Q-2021

Vacancy continues rising due to weak demand amidst pandemic.

January 31, 2022

Contributors:

Jeremy O’Sullivan (MRICS)
Nichakamol Horungruang

Highlights

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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