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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