Research
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
Contributors:
- Jeremy O’Sullivan (MRICS)
- Pakajira Chobchai
Highlights
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