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Bangkok Office Rents Continue to Rise Q3 2013

By on Dec 12, 2013 in Research

Bangkok Office Rentals MarketView, Q3 2013

Bangkok Office MarketView Q3 2013

Office rents increased for both grade A and grade B offices in CBD and non-CBD areas.  The highest  rents  are  in  new  grade  A buildings  in  the  CBD. In  Q3 2013,  average  rents  for  grade  A office  space  in  the  CBD  rose  by 1.5%    Q-o-Q and by 8.0% Y-o-Y  to  THB  810  per  square  metre per  month. We  expect  rents  will continue  to  grow  but  at  a  slower rate  as  office  buildings  that command  a  premium  rent  are almost full.

At the moment the spread between average CBD Grade A rents, THB 810  per  square  metre  per  month and Grade B non CBD rents, THB 531 per square  metre  per  month is only THB 279 per square metre per month.

We  saw  that  some  grade  B  CBD offices  located  near  mass  transit stations achieved higher rents than those  of  grade  A  CBD  offices located  farther  away  from  mass transit stations.

This is an extract from Bangkok Office MarketView Q3 2013, click to download the full report at Bangkok Office Marketview.

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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