Research
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
Contributors:
- Jeremy O’Sullivan
- Nuntida Owatranphorn
Highlights
- 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