Bangkok Retail Market Update 4Q-2022

Leasing activity concentrated within new supply, whilst aged malls focused on asset enhancement in order to remain competitive.

March 10, 2023
  • Jeremy O’Sullivan (MRICS)
  • Pakajira Chobchai
  • Absorption positive following healthy demand for new supply

  • New completion increased Bangkok's prime retail stock

  • Increased operating expenses limited rental growth

  • Outlook: Aged assets forced to enhance in the competitive market

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