Bangkok Prime Retail Market Update 3Q-2021

Retailers closed for duration of 2nd lockdown, though emerging brands took it as an opportunity to expand

October 31, 2021
  • Jeremy O’Sullivan
  • Nuntida Owatranphorn

  • New leasing activity seen amid uncertainty
  • Lockdown responsible for the delay of new completions
  • Rental pressure driven by the lockdown sent yields below 2-digits
  • High vacancy to further pressure rents downward

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