CBRE Research calculates rents for apartments based on a “basket” of buildings. In Q1 2017, the average asking rent in expatriate apartments in Downtown Bangkok was at THB 453 per square meter per month, which increased by 0.2% Q-o-Q but decreased by 1.7% Y-o-Y.
The Central Lumpini/Siam area still had the highest asking rents with an average Grade A rent of THB 481 per sq.m. per month, followed by the Sukhumvit area and the Silom/Sathorn area with average Grade A rents of THB 455 per sq.m. per month and THB 424 per sq.m. per month, respectively.
Despite the limited amount of new apartment supply and the increasing number of expatriates on a yearly basis, there has not been a significant increase in lump sum monthly rents over the last 25 years.
CBRE Research calculates rents for apartments based on a “basket” of buildings.
Our analysis of over 2,900 CBRE rental transactions in condominiums and apartments showed that there has only been a slight change in median lump sum rental since 2009. CBRE Research chose to compare the achieved lump sum rents of two- and three-bedroom condominiums and apartments since they match the demand of the market.
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