Research

Bangkok Office Market Update Q4 2023

Mega supply arrival; a period of heightened market competition.

February 08, 2024

Contributors:

Anawin Chiamprasert
Thanjira Wongsathirayakhun

Highlights

Negative net absorption towards end-2023
Prime vacancy rates continue to rise
Flat rent growth while capital values remain high
Outlook: A period marked by new supply arrival

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