Bangkok Retail Market Update 1Q-2023

Influx of tenants drives positive take up, new supply awaits demand.

May 15, 2023
  • Nichakamol Horungruang
  • Pakajira Chobchai
  • Overall demand is positive following the influx of tenants

  • Renovation projects lead to an increase in vacancy rates

  • Increasing cost of financing limits rental growth

  • Outlook: Asset enhancement initiatives to contribute to rental growth

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