Research

Bangkok Office Market Update Q1 2024

New supply in 2024 contributes to an upward trend in the overall vacancy rate.

May 17, 2024

Contributors:

Anawin Chiamprasert
Thanjira Wongsathirayakhun

Highlights

Leasing activities are focused in new mega projects
New completions contribute to rising vacancy rate
Prime rents surpass four digits in Thai Baht
Outlook: Imminent arrival of new supply sets to transform the market

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