Bangkok Office Market Update Q4 2023

Mega supply arrival; a period of heightened market competition.

February 08, 2024
  • Anawin Chiamprasert
  • Thanjira Wongsathirayakhun
  • 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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