CB Richard Ellis’s expertise and experience has been widely recognised by professionals in the property industry. In the past several years, we have won a series of awards such as:
Research Centre
11 Dec 09
Bangkok Office MarketView Q3 2009
Bangkok Office MarketView Q3 2009
Overall take-up in the Bangkok office market was 6,773,065 sqm, up 0.1% Q-o-Q and 0.8% Y-o-Y. The total occupancy rate also improved slightly from 86.0% to 86.1% in this quarter.
The vacancy rate was 13.9%, indicating a fall from the 14.0% recorded in Q2 2009.
Bangkok office market rents have moved downwards. As of Q3 2009, the overall rents dropped for the third consecutive quarter, since the beginning of the year. Grade A offices in the CBD area faced a 0.9% Q-o-Q and 6.7% Y-o-Y drop in rents, down to THB 694/sqm in this quarter.
During Q3 2009, net new take-up posted positive figures in all segments (Grade A CBD and Non-CBD; and Grade B CBD and Non-CBD), Q2 had seen negative figures in a number of the grades. Total net take-up stood at 9,253 sqm, which was down 31.6% Q-o-Q and 43.7% Y-o-Y.
For full detail please click on file to sign up and download.
