QUARTERLY HIGHLIGHTS

‒   As of Q4 2021, the total office supply in Bangkok was 9,499,442 square meters, a slight increase of 1.1% Q-o-Q and 2.9% Y-o-Y. The new supply of 99,900 square meters is from four buildings. Based on what has been publicly announced, there are 1,064,072 square meters of office space under construction scheduled to be completed by the end of 2024.

‒   The net take-up in Q4 2021 was -20,102 square meters, declining further from the previous quarter’s decline of -29,588 square meters, a 412% decline Y-o-Y. The total occupied space in Q4 2021 was recorded at 8,256,467 square meters, with an overall occupancy rate of 86.9%, declining 0.2 percentage points from the previous quarter.

‒   As a result, the year 2021 showed the cumulative net take-up of -100,128 square meters.